High inflation has customers looking for discounted products and people looking to supplement their income. This creates a market for thieves to steal from stores to resell at a lower price online.
Thief wins. Customer wins. Store loses.
Not enough to compensate for all the price gouging going around…
Criminals have been much more bold over the past 3 years. More stores need armed security.
That link doesn’t go to an article. However, I see other people replying to an article so what’s going on here?
high inflation, low wages.
how low the country has fallen. honestly i don’t even blame ppl
How much of that theft was offset by companies not having so much staff on payroll? (Nope, I didn’t read the article)
When you force customers to ring up their own products, expect more theft.
Even crazier knowing companies report record profits…….
Hmm, maybe understaffing, self checkout and low pay and respect aren’t working so well.
Theft has not risen as a percentage of revenue or profit. There is no story here.
Its as if the greed in this corporate run country has created so many who cant support themselves… Cant imagine why this is happening
17 comments
High inflation has customers looking for discounted products and people looking to supplement their income. This creates a market for thieves to steal from stores to resell at a lower price online.
Thief wins. Customer wins. Store loses.
Not enough to compensate for all the price gouging going around…
Criminals have been much more bold over the past 3 years. More stores need armed security.
That link doesn’t go to an article. However, I see other people replying to an article so what’s going on here?
high inflation, low wages.
how low the country has fallen. honestly i don’t even blame ppl
How much of that theft was offset by companies not having so much staff on payroll? (Nope, I didn’t read the article)
When you force customers to ring up their own products, expect more theft.
Even crazier knowing companies report record profits…….
Hmm, maybe understaffing, self checkout and low pay and respect aren’t working so well.
Theft has not risen as a percentage of revenue or profit. There is no story here.
Its as if the greed in this corporate run country has created so many who cant support themselves… Cant imagine why this is happening
If I hear the word unprecedented one more time.
And that was just from the industry themselves
Besides using inflation as a cover to hide their illgotten profits from hiking prices, corporations do 50 billion per year in wage theft https://www.epi.org/press/wage-theft-costs-american-workers-50-billion/
89% of stocks and bonds are owned by the richest 10%. The US upper class is a corrupt piece of shit and it can go to hell. https://www.thestreet.com/investing/wealthiest-10-pct-in-us-own-89-pct-of-stocks-mutual-funds
Yet people still deny this to be a fact and think the companies are making this up
Lowes alone accounts for almost $1B of that.
Absolutely wild.
https://www.cnbc.com/amp/2023/09/08/this-is-how-much-money-retailers-are-losing-to-shrink-retail-theft.html
>Target said on Tuesday it plans to close nine stores in major cities, including three in the San Francisco Bay Area, due to violence and theft.
Surprising when Target supposedly has one of the best loss prevention systems.