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Re:'The bane of retail.' Many big chains now lock up all kin... by lb7000 on Thursday April 25, 2024 @05:33PM (#40163310)
Retailers also seem to be deploying a solution that includes moving their stores out of cities that don't crack down on theft.
Re:'The bane of retail.' Many big chains now lock up all kin... by hobs on Thursday April 25, 2024 @06:31PM (#40163883)
Most retail shrink is done by employees, not customers.
Re:'The bane of retail.' Many big chains now lock up all kin... by dialup_sounds on Thursday April 25, 2024 @08:05PM (#40164523)
That's commonly repeated but it's misleading for at least two reasons.

Firstly, employee-related shrinkage includes inventory control and accounting errors ("paper shrink") in addition to employee theft. These are often added together to differentiate them from external theft, but they're not the same and the mitigations for each are as different from each other as they are from external theft.

Second, and relevant to the GPs point, there is variation in the amount and proportions of shrink from one site to another across a chain. The stores that get closed are the outliers, not the average stores. e.g. Your chain wide average shrink is 2%, but all of your stores in this one market are 10% for several years running. Realistically, the difference is almost entirely from external theft.

Re:'The bane of retail.' Many big chains now lock up all kin... by Two4 on Friday April 26, 2024 @06:49AM (#40167799)
Or internal theft syndicates - but those are even harder to fight than external theft.
Re:'The bane of retail.' Many big chains now lock up all kin... by s1artibartfast on Thursday April 25, 2024 @07:21PM (#40164278)
Even if so, it is less of-putting to customers. I'd rather have employees stealing in the back, than deal with ski-masked thieves and locked up tools
Re:'The bane of retail.' Many big chains now lock up all kin... by btreecat on Thursday April 25, 2024 @10:51PM (#40165502)
Ski masked robbers are stealing deodorant and contraceptives?
Re:'The bane of retail.' Many big chains now lock up all kin... by s1artibartfast on Thursday April 25, 2024 @10:58PM (#40165550)
yep, Ive seen it in SF. More often the case at hardware stores/home depots.

Laundry detergent is actually a really common item for resale, maybe because everyone uses it. You will see people with 40 gallons in their cart and you know they aren't paying.

Its not a fun experience.

Re:'The bane of retail.' Many big chains now lock up all kin... by btreecat on Monday April 29, 2024 @09:00AM (#40197743)
Folks are walking around HD with a ski mask, and 40 gallons of laundry detergent, and the clue they are there to steal is the 40 gallons of detergent?
Re:'The bane of retail.' Many big chains now lock up all kin... by gameman144 on Thursday April 25, 2024 @06:47PM (#40164020)
Do you have any data to back this up? That feels very wrong anecdotally, but I'd be glad to be proven wrong.
Re:'The bane of retail.' Many big chains now lock up all kin... by hobs on Thursday April 25, 2024 @07:59PM (#40164478)
After looking through a few links I don't have as good data as was in my retail training in 2004 or so, but https://www.businessinsider.com/stop-blaming-theft-shrink-ta... talks about them being fairly comparable, and that retail mismanagement is within 10% or so of the problems due to theft.

Overall my point is just that the retail theft story is blown way out of proportion, and many media and political outfits benefit from concern around crime.

Re:'The bane of retail.' Many big chains now lock up all kin... by strken on Thursday April 25, 2024 @09:28PM (#40164990)
It probably differs by stores and locations, right? I can imagine one city having a huge problem and another having barely any issues.
Re:'The bane of retail.' Many big chains now lock up all kin... by s1artibartfast on Thursday April 25, 2024 @09:50PM (#40165110)
I dont understand how that supports the conclusion that it is out of proportion. It can be simultaneously true that mismanagement is a meaningful budget impact, and theft is a meaningful budget impact.

I think the more interesting questions are if the rates of theft are changing. IF it has gone 10x in 10 years, that might be noteworthy, no? If theft rates are concentrated in 10% of locations, that might be noteworthy too.

My national retail supermarket has profit margin of about 1% of sales (ticker ACI). If mismanagement was always 1%, and now theft goes up to 1%, the company will go bankrupt.

Re:'The bane of retail.' Many big chains now lock up all kin... by rasz on Friday April 26, 2024 @01:33AM (#40166224)
CNN witnesses 3 alleged thefts in 30 minutes while reporting on shoplifting https://edition.cnn.com/videos/us/2023/07/25/san-francisco-s...