No. of Recommendations: 0
"Seems like there are two sources to pay for this. One is that we all will pay in higher retail prices. Or two, that investors will accept a lower return on their invested capital.
Seems likely we'll pay more."Here's a novel idea...why not just try stopping the theft?
Costco does it by posting staff by the exit who check each customer's receipts. Apparently those customers (myself included)see this as an only minor inconvenience. Costco has very low shrink (theft). I go to Costco to pay less.
Or maybe even we should arrest the shoplifters when caught in the act, as was done in the good old days? After all, it is theft.
Target has decided to get tougher on shoplifting. I expect other retailers to follow suit.
Bloomberg
By Jaewon Kang
June 27, 2024 at 6:31 PM UTC
Target Corp. is lowering the bar to stop shoplifters, taking a tougher approach to further curb store theft that has weighed on operations.
Store staff can now seek to halt incidents of theft worth at least $50, lower than the previous threshold of $100, people familiar with the matter said, asking not to be identified discussing private company policy. The new guideline is expected to be enforced this summer, they said.
The change in guidance marks one of the latest steps Target is taking to tackle theft. The Minneapolis retailer, which operates nearly 2,000 stores in the US, has said that shrink – inventory loss due to theft, damage and other factors – has squeezed its profit margins in recent quarters. The company expects such losses to plateau this year, however.
A Target spokesman said the company is making meaningful progress to address theft through actions in stores and efforts from policymakers and various communities.https://www.bloomberg.com/news/articles/2024-06-27...
