Target, Walmart, and other retailers get shocking crime news | TheStreet

Target, Walmart, and other retailers get shocking crime news | TheStreet

Target, Walmart, and other retailers get shocking crime news | TheStreet

Organized retail crime is posing a significant challenge to the retail industry, beyond the familiar image of a teenager shoplifting a candy bar. This isn’t a solo act; it involves sophisticated criminal enterprises orchestrating large-scale thefts from multiple stores. The criminals then sell the stolen goods through various channels, including online auctions, flea markets, and even to other retailers. This issue has gained attention as dramatic videos of organized smash-and-grab thefts circulate on social media.

Retail giants like Walmart, Target, and Walgreens have voiced concerns over theft, attributing it to thinner profit margins in their quarterly earnings calls. The National Retail Federation initially reported that nearly half of the industry’s $94.5 billion shrink (losses) in 2021 was due to organized retail crime. However, upon further examination, the data also included losses from process errors and inventory issues unrelated to crime. The revised report suggests that organized retail crime accounts for a smaller portion—about 36%—of overall shrink.

Despite the concerns raised by retail leaders, the data shows that while shrink has increased, it hasn’t skyrocketed. The average shrink rate for FY 2022 increased to 1.6%, up from 1.4% the previous year. Companies are implementing various measures to tackle theft, from increased security and policing efforts to testing higher-tech solutions utilizing artificial intelligence……..full-loaf-600x400-1-e1700879832480 Target, Walmart, and other retailers get shocking crime news | TheStreet[read more]

Rising Dough

Rising-Dough-e1700879911412 Target, Walmart, and other retailers get shocking crime news | TheStreetIn the dynamic landscape of retail, combating organized retail crime is essential for companies to maintain healthy profit margins. Reflecting on the article, consider the impact of theft on a company’s bottom line. How might a retailer strike a balance between implementing effective theft prevention measures and providing a seamless shopping experience for customers? Think about the role of technology, the psychology of theft prevention, and the ethical considerations involved in safeguarding businesses against organized retail crime.

*Click on the “Full Loaf” icon to read the full article! After you read the full article, let us know your thoughts.

0 0 votes
Article Rating
stone-street-coffee-logo Target, Walmart, and other retailers get shocking crime news | TheStreet ☕️ **Discover Stone Street Coffee Company – Your Coffee Haven!** Today’s Dough readers, if you’re on the hunt for exceptional coffee and cold brew, look no further than Stone Street Coffee Company. We at Today’s Dough are smitten with their rich coffee blends and refreshing Cold Brew. Stone Street’s commitment to quality shines through in every sip. Now, exclusively for our readers, click the banner above to snag a $5 off coupon on your next order. Experience the finest, ethically sourced beans roasted to perfection. Join the Stone Street community, savor top-notch coffee, and elevate your daily brew. ☕️🌟

Subscribe
Notify of
8a72d9bbd34ef0baaffd51944a320548?s=56&d=mm&r=g Target, Walmart, and other retailers get shocking crime news | TheStreet

4 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
360d9564dc4a912bc5b7d18acdca59bc?s=64&d=mm&r=g Target, Walmart, and other retailers get shocking crime news | TheStreet
Guest
Luis enamorado
7 months ago

With new an improved tech I feel as if giant retail stores like Walmart,target.etc can implement higher scanning technology and security without causing a scene like having 6 bodyguards at the door.due too the fact that theft is a setback in its own and now it negatively effects a stores revenue due too lost of product .

695cce1d3cee26fdf894c936683caa33?s=64&d=mm&r=g Target, Walmart, and other retailers get shocking crime news | TheStreet
Guest
Mekayla Graham
7 months ago

With the invention of improved technology, many businesses aren’t secured with high-quality keys, so creating opportunites for smart thieves to find an entry and easy exit which can allow businesses to catch more thieves.

05aad206ff5b10498eb0e3a1a289fb97?s=64&d=mm&r=g Target, Walmart, and other retailers get shocking crime news | TheStreet
Guest
jermariah brown
7 months ago

With a good source of technology and a new guard on their security this would help them out a lot in the near future to stop future robberies/people stealing from these stores. The constant stealing does put these stores in a setback which would have a lot of negative impact as time goes on.

d35a3b5b7c10f29756b6b1434ad5ab3f?s=64&d=mm&r=g Target, Walmart, and other retailers get shocking crime news | TheStreet
Guest
Alyssa
7 months ago

Retailers can us things such as advanced surveillance cameras more though there store and hire some on the job security to help lower the crime rates because people will notice these things and be scared to ever commit a crime in these stores again.

Share this content:

0 0 votes
Article Rating
stonestreetcoffee.com ☕️ **Discover Stone Street Coffee Company - Your Coffee Haven!** Today's Dough readers, if you're on the hunt for exceptional coffee and cold brew, look no further than Stone Street Coffee Company. We at Today's Dough are smitten with their rich coffee blends and refreshing Cold Brew. Stone Street's commitment to quality shines through in every sip. Now, exclusively for our readers, click the banner above to snag a $5 off coupon on your next order. Experience the finest, ethically sourced beans roasted to perfection. Join the Stone Street community, savor top-notch coffee, and elevate your daily brew. ☕️🌟

Subscribe
Notify of
guest

4 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
Luis enamorado
Guest
Luis enamorado
7 months ago

With new an improved tech I feel as if giant retail stores like Walmart,target.etc can implement higher scanning technology and security without causing a scene like having 6 bodyguards at the door.due too the fact that theft is a setback in its own and now it negatively effects a stores revenue due too lost of product .

Mekayla Graham
Guest
Mekayla Graham
7 months ago

With the invention of improved technology, many businesses aren’t secured with high-quality keys, so creating opportunites for smart thieves to find an entry and easy exit which can allow businesses to catch more thieves.

jermariah brown
Guest
jermariah brown
7 months ago

With a good source of technology and a new guard on their security this would help them out a lot in the near future to stop future robberies/people stealing from these stores. The constant stealing does put these stores in a setback which would have a lot of negative impact as time goes on.

Alyssa
Guest
Alyssa
7 months ago

Retailers can us things such as advanced surveillance cameras more though there store and hire some on the job security to help lower the crime rates because people will notice these things and be scared to ever commit a crime in these stores again.

4
0
Would love your thoughts, please comment.x
()
x
×