Search results
Results from the WOW.Com Content Network
The terms shoplifting and shoplifter are not usually defined in law, and generally fall under larceny. In the retail industry, the word shrinkage (or shrink) is used to refer to merchandise often lost by shoplifting. The term five-finger discount is an euphemism for shoplifting, humorously referencing stolen items taken "at no cost" with the ...
Theft prevention can be done by reducing the opportunity to steal in the store through placing prevention mechanisms in place. Shoplifters and organized retail criminals have become more aggressive and violent: Apprehension might create potential risk for injury to employees and other shoppers and create possible community resistance.
The trend of shrink appears to be far from reversing course, with losses more than doubling over the past five years.
However, the National Retail Federation (NRF) said that same month that the effect of theft on retailers’ bottom lines was about the same as in previous years, with total retail shrinkage at $112 billion in 2022 (1.55% of sales), up from $93.9 billion (1.44% of sales) in 2021. External theft, including organized retail crime, represented 36% ...
Commercial real estate has outperformed the S&P 500 over 25 years. ... Costco has managed to keep a lid on the worsening nationwide theft issue. According to the CFO, shrinkage was between “0.1% ...
In previous quarters, Target said that inventory shrinkage — mostly the theft of merchandise — would cut profits by $500 million this year. In 2022, profits took a $700 million hit from the issue.
Theft, both internal and external to the company, continues to be the driving force behind retail inventory shrinkage, at 78.3% of all shrinkage in 2008. Of that portion, 42.7% is attributed to employee (also known as internal) theft and 35.6% was due to external theft, known as shoplifting .
Shrink can be the result of theft, damage, or poor record keeping, among other factors. In its second quarter report, Target's 28.9% gross profit margin beat estimates, up from 27% a year ago.