Organized shoplifting leads to $400 million loss for Target

[anon_6hv78pr714xta]

Uh, wow.

https://finance.yahoo.com/news/target-organized-retail-crime-400-million-profits-113006396.htmlTarget: 'Organized retail crime' has driven $400 million in extra profit loss this year

 

[TheOriginalHappyGoat]

Uh, wow.

https://finance.yahoo.com/news/target-organized-retail-crime-400-million-profits-113006396.htmlTarget: 'Organized retail crime' has driven $400 million in extra profit loss this year

There are only 2000 Target locations. That's YOY change in inventory loss of 200K per store. The article mentions that nationally, inventory shrinkage is staying at about the five-year average.

Sounds like Target has a procedures or management problem.

 

[UncleMark]

There are only 2000 Target locations. That's YOY change in inventory loss of 200K per store. The article mentions that nationally, inventory shrinkage is staying at about the five-year average.

Sounds like Target has a procedures or management problem.

@TommyCracker would be our inside guy, wouldn't he?

 

[mcmurtry66]

@TommyCracker would be our inside guy, wouldn't he?

I'm gonna start stealin from these motherf*uckers. Went to the first game in our new stadium. $40 to park and $14 a beer. Come on....

 

[anon_6hv78pr714xta]

I'm gonna start stealin from these motherf*uckers. Went to the first game in our new stadium. $40 to park and $14 a beer. Come on....

Welcome back. Can you get a PS 5 for my kid for Christmas? He's demanding one.

 

[mcmurtry66]

Welcome back. Can you get a PS 5 for my kid for Christmas? He's demanding one.

Done. I'll wear a puffy coat. White and middle aged they're damn near asking me to steal. It's that easy. Then if i wear my Yellowstone Dutton Ranch hat i could probably get an Iphone14 for him too

 

[Morrison]

Done. I'll wear a puffy coat. White and middle aged they're damn near asking me to steal. It's that easy. Then if i wear my Yellowstone Dutton Ranch hat i could probably get an Iphone14 for him too

You left the roulette tables and Vegas women on the prowl to post in this thread? 🤔

 

[anon_6hv78pr714xta]

Done. I'll wear a puffy coat. White and middle aged they're damn near asking me to steal. It's that easy. Then if i wear my Yellowstone Dutton Ranch hat i could probably get an Iphone14 for him too

I really hope you are prowling the Vegas convention booths in a Dutton cowboy hat.

 

[twenty02]

I'm gonna start stealin from these motherf*uckers. Went to the first game in our new stadium. $40 to park and $14 a beer. Come on....

What stadium?

 

[JamieDimonsBalls]

Welcome back. Can you get a PS 5 for my kid for Christmas? He's demanding one.

Done. I'll wear a puffy coat. White and middle aged they're damn near asking me to steal. It's that easy. Then if i wear my Yellowstone Dutton Ranch hat i could probably get an Iphone14 for him too

Careful, you're going to breach the threshold. Part of the issue is nobody can do anything if the amount of theft is significant, but under $1,000 or whatever.

 

[JamieDimonsBalls]

There are only 2000 Target locations. That's YOY change in inventory loss of 200K per store. The article mentions that nationally, inventory shrinkage is staying at about the five-year average.

Sounds like Target has a procedures or management problem.

Walmart and Home Depot, two stores that typically have "greeters" of sorts at the entrances and exits, seem to be less affected than Target. I wonder if that is driving some of the issue.

 

[TheOriginalHappyGoat]

Walmart and Home Depot, two stores that typically have "greeters" of sorts at the entrances and exits, seem to be less affected than Target. I wonder if that is driving some of the issue.

If it's really as simple as paying a retired guy $12/hour to stand there and say hello to people walking in, do it.

 

[anon_6hv78pr714xta]

If it's really as simple as paying a retired guy $12/hour to stand there and say hello to people walking in, do it.

What if that retired guy is one of the people on this board?

 

[JamieDimonsBalls]

What if that retired guy is one of the people on this board?

Seems like they’ll have some other liability risk

 

[SqueakyClean]

Saw on a different article a while back that Walmart has an estimated 3 billion in lost revenue per year due to theft. A good portion of that is theft by employees though.

 

[TheOriginalHappyGoat]

Saw on a different article a while back that Walmart has an estimated 3 billion in lost revenue per year due to theft. A good portion of that is theft by employees though.

They do over half a trillion in sales, so that's not entirely unreasonable.

 

[mcmurtry66]

What stadium?

Stl built a new stadium for the mls team. Amazing facility. Not sure what it's called. Park or something. Centene backed out of naming rights at the last minute.