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Re:Target says it's closing stores due to theft. The data te... by JKCalhoun on Saturday October 07, 2023 @11:10AM (#37802351)
Is there any reason to believe that the degree of unreported theft in one store is any different than unreported theft at another? If unreported theft is similar across stores then it would seem to be essentially noise in the statistics.

It's odd that by closing their brick and mortar stores they're essentially rolling up their business and conceding Amazon all those customers.

Re:Target says it's closing stores due to theft. The data te... by prpl on Saturday October 07, 2023 @11:16AM (#37802422)
Are you asking if shrink varies store to store?

Yes. I grew up in a grocery store basically, shrink could vary 30% or more between stores. Stores with liquor in the back corners could easily be 10% more.

Theft is only reported if you caught somebody, which you basically don’t try to do anymore

Re:Target says it's closing stores due to theft. The data te... by JKCalhoun on Saturday October 07, 2023 @11:21AM (#37802476)
You could be right — about uneven distribution of theft (shrink?).

Nonetheless, with the aggressive inventory practices of retailers these days, whether a theft is reported or not should be of little issue — Target already knows how much stuff is missing.

Re:Target says it's closing stores due to theft. The data te... by bradleyjg on Saturday October 07, 2023 @11:11AM (#37802369)
Why is it odd? The goal isn’t revenue, it’s profit.

That may have been forgotten during central banks’ long experiment with zirp but we are no longer in that.

Re:Target says it's closing stores due to theft. The data te... by JKCalhoun on Saturday October 07, 2023 @11:19AM (#37802456)
From where I've been sitting, big box retailers have been running on the zeal of expansionism for decades now.

No profit? Then by all means they can sit back and let Dollar General come in and capture the retail of a town.

In the past this has generally been bad news for an entrenched retailer and the first signs of fracturing. It's hard for me to care too much though what happens to these big chains.

Re:Target says it's closing stores due to theft. The data te... by bradleyjg on Saturday October 07, 2023 @11:27AM (#37802532)
I think you are mixing up cause and effect. It might be a bad sign for a retailer if it has unprofitable stores, but that doesn’t mean keeping them open is going to help.
Re:Target says it's closing stores due to theft. The data te... by chmod600 on Saturday October 07, 2023 @11:17AM (#37802426)
Social phenomena (such as crime) are not distributed evenly.