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Costco has managed to keep a lid on the worsening nationwide theft issue. According to the CFO, shrinkage was between “0.1% and 0.2%,” during the most recent quarter.
Increased theft robs retailers' profits. Costco is an outlier from the larger issue hitting the industry. Retail shrink — the loss of items to retail theft, organized crime, damage, vendor fraud ...
Still, the theft has apparently gotten so common that an alleged Costco call center employee begged shoppers to avoid the digital gift cards in a Reddit post last week. The employee shared some of ...
Costco management said this year that shrink increased “in part we believe due to the rollout of self-checkout.” Five Below said that shrink at stores with more self-checkout lanes was higher.
Here's how California voted on statewide measures in the 2024 election, including Proposition 36 on retail theft and fentanyl. ... In Other News. Entertainment. Entertainment. People.
Some lawmakers have tied Proposition 47 to an increase in retail theft. Several have authored unsuccessful bills to repeal or change the law, in some cases lowering the felony theft threshold to $400.
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California lawmakers on Monday gave final approval to a package of 10 bills meant to combat retail theft, an effort that divided Democrats as they confronted key issues in the upcoming November ...