Shrinkage in Stores: Target lost $400M so far this year to "Organized Theft"; Expecting to lose $600M total

https://finance.yahoo.com/news/target-organized-r…

Per the article above, Target has $400M in shrinkage (retail loss), expecting $600M for the year. 

Wegmans (great grocery if you've never heard), said it had the same problem with self-checkout in the article. 

Has anyone experienced this, or done work with any company's that are experiencing shrinkage. Is it more organized crime, people taking advantage of the situation, or people just not having the money to buy things?

Comments (8)

14d
WolfofWSO, what's your opinion? Comment below:

There are videos of people draining shelves around San Fran hard and fast.

Array

13d
theAudiophile, what's your opinion? Comment below:

Well if it's under $950...Five finger discount sale!

  • 1
11d
jackwestjr, what's your opinion? Comment below:

If they bothered to hire staff they might find that people are less inclined to shoplift. Can't remember the last time I was actually able to get assistance from someone inside a Target/Walgreens etc. 

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10d
teddythebear, what's your opinion? Comment below:

All these stores have been trying to hire. They're pushing wages and benefits. Target in my area is at $19-$20 starting with benefits. They have mass flyers and a table in the front where you can get interview on the spot and they can hire you same day. Its more so people are not willing to really work. Labor force participation is fairly low.

Array

  • 2
11d
mergelord11, what's your opinion? Comment below:

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