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return2ozma@lemmy.worldBanned from community to News@lemmy.world · 1 year ago

Walgreens CEO describes drawback of anti-shoplifting strategy: ‘When you lock things up…you don’t sell as many of them’

fortune.com

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Walgreens CEO describes drawback of anti-shoplifting strategy: ‘When you lock things up…you don’t sell as many of them’

fortune.com

return2ozma@lemmy.worldBanned from community to News@lemmy.world · 1 year ago
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Walgreens' CEO talked about the flip side of investing in increased security on a recent earnings call.
  • Brkdncr@lemmy.world
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    1 year ago

    Theft is a huge problem in some locations. Some people have no problem filling up a cart with whatever they need and walking out the door. Employees don’t get paid enough to get involved. Cops only show up afterwards. Even if they catch the culprit, there arent any repercussions.

    • SeaJ@lemm.ee
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      1 year ago

      And yet theft rates are the same as they have pretty much always been.

      • cogman@lemmy.world
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        1 year ago

        They’ve gone up. And it’s easy to see why. We have a minimum wage that hasn’t been increased in decades and the current model of corporate efficiency is understaffing and union busting.

        A huge portion of the population is cash strapped with the only job opportunities being poverty wages.

        Desperate people commit crimes.

        https://youtu.be/HKtsdZs9LJo?si=Wi5_jyLZZWzbGpuo

        • SeaJ@lemm.ee
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          1 year ago

          They have not actually. They have gone up in a few places but are roughly the same overall.

          https://www.brennancenter.org/our-work/research-reports/myth-vs-reality-trends-retail-theft

          https://www.cnn.com/2023/01/18/business/retail-shoplifting-shrink-walgreens/index.html

    • HellsBelle@sh.itjust.works
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      1 year ago

      With the increase in prices for everything from food to housing, and the greed of large corps being completely ignored by governments, I honestly don’t gaf about shoplifting food or clothing. If I see it happening I walk away.

      • pivot_root@lemmy.world
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        1 year ago

        Are you sure you saw anything? I certainly didn’t. Especially at large corporate retail stores.

        • HellsBelle@sh.itjust.works
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          1 year ago

          True. I may have just been remembering back to when I was a kid living on the streets and stealing food to survive.

    • ℍ𝕂-𝟞𝟝@sopuli.xyz
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      1 year ago
      • They are most likely insured for that.
      • Police are ineffective at anything else than filling up prisons with minorities? Say it ain’t so!
      • People are desperate, and corps have knocked the social contract over. This is how that looks like, at the mildest.
      • frezik@midwest.social
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        1 year ago

        They are insured. It’s often the insurance company who is insisting on these measures. Sometimes, it doesn’t even matter if they are effective or not; the insurance company simply demands that you have them.

        • ℍ𝕂-𝟞𝟝@sopuli.xyz
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          1 year ago

          Sucks for Walgreens then.

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