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Robot of Leisure's avatar

Walgreens CFO earlier this year when talking about retail theft: "Maybe we cried too much" https://www.theguardian.com/us-news/2023/jan/06/walgreens-shoplifting-surge-chief-financial-officer

Any store with self check-out complaining about theft isn't serious. Self check-out lanes have higher shrinkage than cashier lanes. But, the lower labor costs associated with self check-out lanes outweighs the increase in shrink. Stores are choosing higher theft rates in order to pay people less. https://www.cnn.com/2022/07/09/business/self-checkout-retail/index.html & https://money.com/shelf-checkout-encourages-shoplifting/

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Dean C.'s avatar

Is there any easily discoverable data on precisely how much is lost to Loss? E.g., given that loss is plugged into operating expenses at retail outlets, how much money is, precisely, lost? And how does that compare to other operating expenses?

And, as I think of it, what is the likelihood that this is all just a real estate scheme?

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