The manufactured shoplifting crisis is over
2024-09-13 23:39:18.193477+02 by Dan Lyke 2 comments
Shout out to everyone smart enough to figure out that "They're eating the dogs and cats!" is just a lie that racists say, but not smart enough to figure out that "They're closing drug stores because of shoplifting!" is exactly the same thing.🤡
Linking to this awfully headlined America’s stores are winning the war on shoplifting (which was, you know, never actually a problem...):
Some retail analysts have suggested companies may have overblown the impact of shrink and theft to mask other problems. William Blair analysts last year suggested that chains had “overexaggerated” the impact, using it as an excuse for inventory mismanagement and strategic mistakes. Walgreens’ then-chief financial officer James Kehoe indicated last year that the company may have gone too far: “Maybe we cried too much” about theft and other losses, he said.
Golly. You don't fucking say?