“Major retailers have felt the brunt of retail theft — commonly referred to as retail shrink — with organized retail crime reportedly costing stores over $112 billion in inventory losses in 2022, according to the National Retail Federation.
Home Depot (HD) Vice President of Asset Protection Scott Glenn sits down with Yahoo Finance to discuss where these pressures are showing up in consumers’ receipts and how retailers are partnering with lawmakers to crack down on retail theft.
“”There’s two sides to it — there’s the supply chain side of it… [which] certainly puts pressure on all of us in terms of keeping our shelves full, keeping product available for the customer,”” Glenn states, “”and then there’s the back side of it… [which] we certainly think the online resellers can and should be doing more to kind of police themselves.””
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Do what Costco does. Cant get in without a membership card. Or take photo showing drivers license, no juveniles without parent.
a few years ago most were church goers believing they would burn in eternal hell for shoplifting. Now many believe YOLO, so take the money and run.
How about hiring more workers to acually check people out. And giving those worker livable wages so they care about their jobs …would cost a hell of alot less then what you lost in theft …. but nope workers are to expensive….lol this is mismanagement and idea that failed. Reminds me of budlight . But even more stupidity becouse its an easy fix .but nope need that 3rd mansion that yatch and a trip to the moon
That would mean the profits from the loss would affect quarterly earnings, I’m sure they have insurance coverage