“What we’re seeing today requires the government, the community, the retailer, everyone, … including the consumer, to take action,” Johnston said.

bugs-no

  • eatmyass [he/him]@hexbear.net
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    2 years ago

    an ‘unacceptable amount’ of crime

    You know for once I agree with these companies, it is unacceptable. We need to be stealing much more

  • GenXen [he/him, any]@hexbear.net
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    2 years ago

    $400 million hit to the retailer’s gross profit margin for the year

    Target’s revenue last year was only $108 Billion, how are they going to survive these catastrophic losses of 0.37% of annual revenue!?

    • Owl [he/him]@hexbear.net
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      2 years ago

      Comparing revenue to profit doesn’t really work, especially in retail. It’d be 12% of their $2.78 billion profit, if the $400 million number were true (400m / (2.78b + 400m)).

      Target doesn’t bother separating out shoplifting (shrinkage) in their earnings reports though, so whatever the true amount, the company doesn’t actually think it matters.

      Their financials did crater last year, driven by a huge spike in cost of goods sold. Which is the line item where shrinkage would be included, but also where their suppliers all increasing their own prices would go, something we know actually happened last year.

  • DongWang [comrade/them, they/them]@hexbear.net
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    2 years ago

    “If you can take a designer handbag and resell it for 30% off online … the consumer has to be a little concerned about that,” Johnston said.

    OH NO!!! Won’t somebody think of the designer handbag companies??? How am I supposed to show I’m not poor if my handbag is 30% cheaper elsewhere???

  • GrouchyGrouse [he/him]@hexbear.net
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    2 years ago

    Most people aren’t inclined to break the rules if they think the rules are fair and equitable.

    Pay your fucking workers, leeches. Stop price gouging. This isn’t rocket science. People are being driven outside the rules by the misapplication of the current rules. It’s entirely a predictable outcome. As usual the response is more cops. Just as it was “more Pinkertons” during the Homestead riots. Or more pogroms during the twilight of the Tsars.

  • SweaterWeather [he/him]@hexbear.net
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    2 years ago

    Lmfao sorry man. There’s no way I, as a consumer, am going to do shit about this. Even if I take this “organized shop lifting crime wave” nonsense seriously, the idea that it’s on regular ass people just going to pick up some pencils to potentially put themselves in harms way for their bottom line is so fucked lol.

    • EmmaGoldman [she/her, comrade/them]@hexbear.netM
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      2 years ago

      I find it insufficient. Go forth and steal! The statute of limitations on shoplifting is until you get to your car! I wouldn’t steal stuff from a cop store, but you’re not a cop. You’re not my dad! Later! Later, dawg!