Stores expanded too much and then got hit by the pandemic, a tight labor market, and changes in buying patterns. Those sort of things have a lot larger impact on their profitability than whether shrink was 1.6% or 1.4%.
Some stores are higher than 1.4%, but it’s still in the low end of single digits, not like 15%. Raising prices a couple percent to compensate wouldn’t even be noticed.
Does shrink include the cost of security, security measures, vandalism or injured employees? You have this one thing you think describes the whole thing and the reality is you’ve chosen your bad guy and you’re going to confirmation bias yourself there.
Because Stores say shoplifting is a national crisis. The numbers don’t back it up. The surge in theft is mostly just made up, and what isn’t made up is kind of an irrelevantly small number.
Stores expanded too much and then got hit by the pandemic, a tight labor market, and changes in buying patterns. Those sort of things have a lot larger impact on their profitability than whether shrink was 1.6% or 1.4%.
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The average shrink rate says nothing about a single store or single area’s shrink rate.
Some stores are higher than 1.4%, but it’s still in the low end of single digits, not like 15%. Raising prices a couple percent to compensate wouldn’t even be noticed.
Does shrink include the cost of security, security measures, vandalism or injured employees? You have this one thing you think describes the whole thing and the reality is you’ve chosen your bad guy and you’re going to confirmation bias yourself there.