No. of Recommendations: 2
" (NewsNation) — Theft continues to plague Dollar Tree Inc. and its Family Dollar chain, a persistent issue that has only worsened amid plans to shutter hundreds of underperforming locations, the company said Wednesday.
During an earnings call, Dollar Tree executives revealed the discount retailer’s efforts to install more security cases and hire more guards have failed to curb the rampant shoplifting that has long vexed dollar stores.
Nearly 1,000 Family Dollar and Dollar Tree locations are set to close over the next several years, an announcement that stands to disproportionately impact communities where discount stores have pushed out local grocers."
https://www.businessinsider.com/theft-just-keeps-g...HOW you have been able to remain lost and confused for three decades will always be a mystery bro, but I enjoy the laughs. Stay healthy bud.
No. of Recommendations: 1
its not just in USA. I was in France and London recently. and for the first time in my life.. a young well dressed couple ate at the table next to us in a good resto, and then did a runner.... 2 days ago as I waited to pay for a coffee, a young hoodie dahsed in and swiped an armload of food off the shelf near the door...
No. of Recommendations: 0
Hope all is well hbird. I think the genius lives in Singapore, no stealing issues there, I wonder why?
No. of Recommendations: 23
no paywall issue here...
" Dollar Tree Theft: Understanding the Impact and Prevention Strategies."
Too bad there is no paywall, it's AI slop.
As you bring up the subject, Uncle Jim's thoughts:
The shoplifting narrative have been greatly overpushed, methinks. For one thing, shoplifting and organized retail crime still account for only around a third of shrink--most of the problem is internal. Across US retail, aggregate shrink is barely above levels before the pandemic. The median retailer figure went from 1.2% in 2016 to 1.4% in 2022. Woo! I think the story has some truth, but I also think the discount retailers have been overhyping it to place blame one someone, anyone.
There is one under-reported narrative, however: overseas competition.
The market share of Temu among discount shopping (low income households) has gone from nothing to 17% since 2022. In the same measure and same time frame, the market share of DG fell from 63% to 52%, and Dollar Tree fell from 25.5% to 19.5%, a drop of 15% between the two of them. It's a different kind of shopping for household goods or clothes or toys, but it's coming from the same pool of shopping money, so the striking symmetry of the market share changes seems unlikely to be purely a coincidence. This may be another reason the dollar store bosses have been pushing for a higher mix of consumables: few people buy groceries drop shipped by slow boat from China.
If this view does have some meaningful explanatory power, then the recent announcement of intent to eliminate (or even reduce) the $800 duty- and tax-free "de minimis" exemption of small imports is VERY good news for the bricks and mortar discount sellers: the dollar stores. The tariffs aren't great, but (a) only a fraction of the discount inventory is imported and subject to duties, and (b) the buying power is largely restored by the recent rise in the US dollar.
Jim
No. of Recommendations: 1
all well HC, just back from France. Good Austin economic indicator en route, maybe even tech indicator. The direct flight had maybe 20% (BA london to austin)of passengers !! have not seen that since the 2009 meltdown !!
