Posted on Mar 11, 2024
Retailers howled about theft last year. Why not now?
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https://www.npr.org/2024/03/11/ [login to see] /retail-theft-crime-target-stores
One thing remains the same: Crime data has yet to indicate a nationwide epidemic of theft, leaving us only to guess at the true scale of the problem — then and now.
One thing remains the same: Crime data has yet to indicate a nationwide epidemic of theft, leaving us only to guess at the true scale of the problem — then and now.
Retailers howled about theft last year. Why not now?
Posted from npr.org
Crime
Retail
Posted 9 mo ago
Responses: 1
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The year is early. Contrary to what is indicated in the article, shrink is calculated on the basis of inventory results. It is reported on the basis of percent to sales. There is a difference. As those inventories occur and businesses see what their write offs are, they will begin complaining again. It is difficult to determine how much is shoplifting, internal theft and accounting errors, but the total shrink tells a definite story.
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