Casual reminder shoplifting figures report the msrp value of goods stolen, not the cost to the company itself. Discount the figure by about 300%.
Dollar Tree is the latest retailer to say shoplifting is squeezing margins
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Re: Dollar Tree is the latest retailer to say shoplifting is squeezing margins
#22If you're stealing from Dollar Tree, you're either truly needy or just in it for the thrill of being antisocial. Their stuff hasn't got any value in the store, much less fenced.
Is anyone truly needy enough to shoplift? I’m not sure how we would get good data but I’ve known a lot of shoplifters and none of them needed the food.
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Re: Dollar Tree is the latest retailer to say shoplifting is squeezing margins
#23If you're stealing from Dollar Tree, you're either truly needy or just in it for the thrill of being antisocial. Their stuff hasn't got any value in the store, much less fenced.
Is anyone truly needy enough to shoplift? I’m not sure how we would get good data but I’ve known a lot of shoplifters and none of them needed the food.
Have you, personally, ever known anyone who couldn't afford food? But you know people like that exist, right?
Re: Dollar Tree is the latest retailer to say shoplifting is squeezing margins
#24Earlier quoted context omitted.
Are you unfamiliar with the multi million dollar business that criminals have figured out? Turns out homeless people don’t steal deodorant for fun but because they’re paid to do so by organized gangs. https://www.latimes.com/california/story/2021-12-03/members-...
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Are you only able to communicate through thick, smug sarcasm?
Re: Dollar Tree is the latest retailer to say shoplifting is squeezing margins
#25If you're stealing from Dollar Tree, you're either truly needy or just in it for the thrill of being antisocial. Their stuff hasn't got any value in the store, much less fenced.
Is anyone truly needy enough to shoplift? I’m not sure how we would get good data but I’ve known a lot of shoplifters and none of them needed the food.
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Re: Dollar Tree is the latest retailer to say shoplifting is squeezing margins
#26If you're stealing from Dollar Tree, you're either truly needy or just in it for the thrill of being antisocial. Their stuff hasn't got any value in the store, much less fenced.
This is flatly untrue. There are both sophisticated and basic criminal enterprises based around stealing from places like dollar tree and selling to your corner store.
And this feels like a plot from a movie. Plausible, to a large extent, but ridiculously improbable. Do you have any references to dig into on this? I'd, sadly, expect that the majority of real "theft" in places like this are going to be wage theft.
Re: Dollar Tree is the latest retailer to say shoplifting is squeezing margins
#27Casual reminder shoplifting figures report the msrp value of goods stolen, not the cost to the company itself. Discount the figure by about 300%.
That’s fair though, isn’t it?
That reflects the lost income potential from the shoplifting. Not just how much money it took to physically build an individual unit (and package and ship and stock it etc).
Now if they never sell at MSRP, then probably a slight discount from MSRP when reporting is fair. But definitely not just the BOM cost or similar…
Re: Dollar Tree is the latest retailer to say shoplifting is squeezing margins
#28Re: Dollar Tree is the latest retailer to say shoplifting is squeezing margins
#29Casual reminder shoplifting figures report the msrp value of goods stolen, not the cost to the company itself. Discount the figure by about 300%.
That’s fair though, isn’t it? That reflects the lost income potential from the shoplifting. Not just how much money it took to physically build an individual unit (and package and ship and stock it etc). Now if they never sell at MSRP, then probably a slight discount from MSRP when reporting is fair. But definitely not just the BOM cost or similar…
Isn't the income potential only lost if it causes a loss of a sale (either because it runs out of stock, or if the shoplifter would have otherwise bought it)?
Re: Dollar Tree is the latest retailer to say shoplifting is squeezing margins
#30Earlier quoted context omitted.
Yeah GP really needs a source for their claim. They’re basically saying that criminal organizations can steal incredibly cheap trinkets and sell them below cost… apparently at volume. Seems ridiculously unlikely.
I don't know about incredibly low priced items (Dollar Tree), but the kjist is correct around organized shoplifting at retail. Retailers say organized retail crime has made their theft problems only worse. Crime gangs often look to steal products from stores that can easily and quickly be resold on online marketplaces such as Amazon and through other illicit markets. “More products today are locked up because the pro…
A lot of the official stories about security and theft at retail stores are just not true, of course. Locking up products correlates well with under-staffing: the grocery near me went from having liquor for sale on the shelf and a dedicated checkout counter staffed right there, to having all the liquor locked up and no staff member visible for miles.