Getbig.com: American Bodybuilding, Fitness and Figure
Getbig Main Boards => Gossip & Opinions => Topic started by: ProudVirgin69 on September 27, 2023, 09:48:23 AM
-
Retail theft has caught the attention of the masses in recent years, from startling smash-and-grab videos during the depths of the Covid pandemic to corporate earnings calls where retailers like Target
and Foot Locker
are discussing losses from organized retail crime more than they ever have.
But the effect of theft on retailers’ bottom lines is about the same as it has been for years, according to the latest data released Tuesday in the widely used industry survey conducted by the National Retail Federation.
Total retail shrink grew to more than $112 billion in 2022, up from $93.9 billion the year before, according to the newest National Retail Security Survey. The metric, which accounts for various types of inventory loss including theft, damage and vendor error, generally rises as retail sales climb.
While retailers and the NRF are increasingly saying crime is cutting into profits, losses from internal and external theft last year were largely on par with historical trends. They made up 65% of total shrink, the survey found.
Retail shrink climbed in absolute dollars, but when reported as a percentage of sales as is commonly done, average annual shrink increased to 1.57%, up from 1.44% in 2021. The share is largely in line with past years. Average annual shrink was 1.62% of sales before the pandemic in 2019, though it was as low as 1.33% in 2017, according to previous surveys.
TL;DR: retail theft is in line with historical averages. It only seems like there’s a massive increase because mainstream and alternative media push these stories to garner clicks. Retailers are of course happy to use this narrative to justify store closings.
There’s some more here if you’d like to read further:
https://www.cnbc.com/2023/09/26/organized-retail-crime-and-theft-not-increasing-much-nrf-study-finds.html
-
So, years ago gangs of thieves were filling shopping carts with merch and walking out door?
Who knew?
-
Businesses have been pulling out of Dindu areas, white flight 2.0
It’s also that most of the robbing is done by a small part of the population so the rate as a whole doesn’t increase dramatically but I’m sure MSNBC has a ridiculous talking point for why Dindus mobs in 2023 is one of the many successes of the Biden administration:
-
Bullshit article (as usual)... The crime for this kind of thing has gone up in a big way... They can spin it how they want.
Only dummies buy it...
-
So, years ago gangs of thieves were filling shopping carts with merch and walking out door?
Who knew?
Organized retail theft wasn’t invented a year ago, you just weren’t hearing about it. Consider why retailers and news media are interested in having you believe that this problem is bigger than it is.
Businesses have been pulling out of Dindu areas, white flight 2.0 but I’m sure MSNBC has a ridiculous talking point for why Dindus mobs in 2023 is one of the many successes of the Biden administration:
Attributing a store closing to rampant theft is more palatable to shareholders than blaming it on poor performance.
-
What they leave out is it's going way down in certain business(especially ones that are better at inventory tracking).
And going up in urban hoods.
-
Bullshit article (as usual)... The crime for this kind of thing has gone up in a big way... They can spin it how they want.
Only dummies buy it...
It’s sourced from an industry survey, which you can read here:
https://cdn.nrf.com/sites/default/files/2023-09/NRF_National_Retail_Security_Survey_2023.pdf
If you have specific issues with their methodology or findings, i would be interesting to hear them.
-
What they leave out is it's going way down in certain business(especially ones that are better at inventory tracking).
And going up in urban hoods.
That’s a fair point, the survey isn’t sufficiently granular to provide that type of data.
That said: The industry as a whole is not experiencing an amount of theft that’s out of line with historical trends
-
Real spin. In blue areas like LA, San Francisco, NY and Chicago it's out of control. No it's not the whole country. Go to many pharmacies in LA or San Francisco and everything is locked up. Store are fleeing San Francisco and Chicago.
-
So, years ago gangs of thieves were filling shopping carts with merch and walking out door?
Who knew?
No, but most loss doesn't happen in the store, it's along the shipping chain. people cant really make a dent like that
-
That’s a fair point, the survey isn’t sufficiently granular to provide that type of data.
That said: The industry as a whole is not experiencing an amount of theft that’s out of line with historical trends
Because they’re adjusting. The Target that closed in NYC is in Harlem.
-
What they leave out is it's going way down in certain business(especially ones that are better at inventory tracking).
And going up in urban hoods.
The reality is that we have failing culture in this country and corporate America is waking up to the reality that it’s hopeless and is cutting their losses.
-
These companies opened these ghetto stores as a woke statement.
It was a bad idea. They complied with wokism.
They have come to their senses and are getting the hell out of these areas.
-
i=Q0wJd5QAWIoU8edo
THU AUG 3rd...
-
https://www.tiktok.com/@_nishalee/video/7211215383381101870 .
That's Target at Fordham Road in the Bx. Never have hood businesses been this locked down before. Worst than that, most of the city is starting to look like that. Normal people aren't waiting for a clerk to open 10 different display cases to do their shopping. No business wants to torpedo sales like that.
Every crack head knows to just run in and grab a few $100 worth of stuff at a time because nothing will happen. It used to be pretty small time even with professional boosting crews, it's a totally different level now.
-
Leftists are the most disgusting apologists of decay within a society.
Truly sick fucks..
-
i=x6lMdPp-XUP2Umy1
-
Another deluded libtard fa66ot attempting to create an alternate reality.
-
i=Q0wJd5QAWIoU8edo
THU AUG 3rd...
They should repurpose those places into apartments and shove the homeless in them. Raise taxes to pay for it.
-
What they leave out is it's going way down in certain business(especially ones that are better at inventory tracking).
And going up in urban hoods.
This same argument was used to not give Giuliani credit for cleaning up NYC.
They said crime was going down anyway. This was true among the population as a whole but not among the Dindus that were committing most of the crimes in NYC.
-
No, but most loss doesn't happen in the store, it's along the shipping chain. people cant really make a dent like that
(https://media.tenor.com/CqIF7yzowrQAAAAM/sassy-fishing.gif)
-
They should repurpose those places into apartments and shove the homeless in them. Raise taxes to pay for it.
These are under performing stores. The shipping and receiving is where the product is lost. Workers literally stealing away their living.
-
This same argument was used to not give Giuliani credit for cleaning up NYC.
They said crime was going down anyway. This was true among the population as a whole but not among the Dindus that were committing most of the crimes in NYC.
Giuliani, from I’ve heard, took credit specifically for organized crime reduction.
-
https://www.tiktok.com/@_nishalee/video/7211215383381101870 .
That's Target at Fordham Road in the Bx. Never have hood businesses been this locked down before. Worst than that, most of the city is starting to look like that. Normal people aren't waiting for a clerk to open 10 different display cases to do their shopping. No business wants to torpedo sales like that.
Every crack head knows to just run in and grab a few $100 worth of stuff at a time because nothing will happen. It used to be pretty small time even with professional boosting crews, it's a totally different level now.
Funny how this stuff hasn’t made an impact in the total numbers of retail shrink though ???
-
Another deluded libtard fa66ot attempting to create an alternate reality.
Oh?
-
Article is 100% bullshit. Go into target in downtown Portland. People it looks like something out of the road warrior movies. Ridiculous, armed security guards pacing the aisles but don't stop people from stealing or shooting up dope in the store. I made the mistake of going just the other day. Had to brandish the butt of my pistol at a dope fiend. Went in the store and the shelves were half empty. It used to be a massive 3 story target. The downstairs and the 2nd level are shut down. Some wastoid was nodding off while standing, swaying in place with a stream of drool dripping from his mouth.
More bullshit to minimize the truth of the hell hole the country has turned into since dems Went full retard about 7 years ago. GTFOH.
I'm sure Philly is mostly peaceful organized retail theft the last 2 days? Bwahahahah. What a maroon!
-
Target has now joined a list of companies that have or are pulling out of Portland. Walmart pulled out last year, as did REI (outdoor gear) and several others. I suspect a lot of "blue" cities will become retail "deserts" over time. If cities are not willing to enforce laws against shoplifting and vagrancy, this becomes the end result. People often get the government they deserve good and hard.
-
Funny how this stuff hasn’t made an impact in the total numbers of retail shrink though ???
I think it will show up in other ways. Will be interesting to see brick and mortar sales vs online sales growth the next few quarters. I know people that are switching to Walmart, Amazon, and Target's home delivery services (the first two especially) instead of going to the physical stores, simply because it's become a pain to deal with all the extra security, plus the general rise in crime that happens when an area becomes known for for easy pickings.
-
Also it's not affecting "bottom line" re: bottom dollar because these stores are moving to a model of self checkout, surveillance cameras, having to show face and photo ID 📸 to camera before entry or upon leaving.
Cops can't collect and maintain surveillance and facial recognition biometric data because they're government agents. But private companies can and guess what? The private companies can turn that data over to the police!
So corporations are saving money not paying employee wages and benefits (though they're measly pay &benefits) but it offsets the loss from dindu patrons. Meanwhile if you want to shop you have to comply with an increasing surveillance state.
Well I sure am glad the bottom dollar of the corporate elites isn't affected. I can sleep better at night as each formerly great city slips further into 3rd world conditions.
-
The crazy part is that these large big box stores operate by volume in a regional area, so when a local place is shut down they must really be losing a lot money. Most big box stores validate earnings on a regional level. So if one store isn't making 10-15% margin, it's not that big of a deal.
In ABQ they just closed a Kohls due to theft from vagrants.
The regional manager said the store was losing its entire profit on a monthly basis due to small time theft, none of which can be prosecuted. Even though the camera footage showed the same ~20 people stealing thousands of dollars per day.
But they just let people fill up carts and walk out with merchandise. They were scared of lawsuits, so they told their employees to stand down and not approach shoplifters.
The Walgreens near my office has its entire liquor stock behind locked doors, and to get into the area (liquor has its own section of the store) you have to show a security guard your ID and he watches you like a hawk.
They also have a mobile video surveillance system just in front of the store. Which has done nothing to prevent theft because the cops are told not to go after these people because most of them are broke and homeless. One guy has been arrested 11 times this year for theft and they just let him out.
Imagine a locally owned store dealing with a 100% profit loss due to theft. They don't have the billion-dollar corporate backing to keep them going.
-
So, years ago gangs of thieves were filling shopping carts with merch and walking out door?
Who knew?
End of Thread
-
I don't know shit but I'm pretty sur statistics are interpreted different.
One social scientist researcher, Jewish of course, said crime had gone down hete dramatically in recent decades. Especially violent crimes. But now people are more afraid than ever before. And it's all "media's fault." Of course media is always going to be biased.
But what do you think? What is the truth? I believe in Robert Anton Wilson's reality tunnels. There could be two or more sides to these particular phenomenons.
-
I don't know shit but I'm pretty sur statistics are interpreted different.
One social scientist researcher, Jewish of course, said crime had gone down hete dramatically in recent decades. Especially violent crimes. But now people are more afraid than ever before. And it's all "media's fault." Of course media is always going to be biased.
But what do you think? What is the truth? I believe in Robert Anton Wilson's reality tunnels. There could be two or more sides to these particular phenomenons.
Violent crime in America is a story of peaks and valleys. It's nowhere near as bad as it was 70's-mid 90's, which was when we had the rise of a lot of drug use and gang violence and the crime that came with it. Then we had a relative 20 - 25ish years of prosperity where we were tough on crime, and the economy was decent except for a few years.
Now, especially in the last few years of lock downs, etc.... we've entered an aggressive spike. For instance, the across the board murder rate has jumped about 30%+ from about 4.5 people per/100000 in 2017 to about 7/100000 in 2022. Other violent crimes are seeing similar broad jumps the last 5-7 years too.
Petty crime has seen big jumps also.
So while it's correct to say that crime is down from decades ago, you can't deny that it's going up now too. And a 10-30% jump isn't the slow type of thing that people get used to, it's a shock to the system.
At least that's how it's been going in the States.
-
It’s sourced from an industry survey, which you can read here:
https://cdn.nrf.com/sites/default/files/2023-09/NRF_National_Retail_Security_Survey_2023.pdf
If you have specific issues with their methodology or findings, i would be interesting to hear them.
From the article:
Total retail shrink grew to more than $112 billion in 2022, up from $93.9 billion the year before, according to the newest National Retail Security Survey. The metric, which accounts for various types of inventory loss including theft, damage and vendor error, generally rises as retail sales climb.
While retailers and the NRF are increasingly saying crime is cutting into profits, losses from internal and external theft last year were largely on par with historical trends. They made up 65% of total shrink, the survey found.
External theft, which includes organized retail crime, was again reported as the largest source of shrink last year at 36.15%, but that was slightly below 37% in 2021. Internal theft, or goods stolen by employees, rose slightly to 28.85% from 28.5% in 2021. Process and control failures and errors made up 27.29% of shrink in 2022, up from 25.7% the year prior.
So, the article itself points out that between 2021 and 2022, 18.1 BILLLION more $ were lost to shrink. That alone indicates a massive amount of more theft. But they try to create doubt by saying shrink goes up when sales go up, although they did not mention the total Sales increase, so we could see if the shrink ratio increased.
Regardless, their own math says external the external theft (which they also try to shift the blame from looters a bit to "organized crime") went down from 2022 on a % of total shrink basis, but that still totals an increase of ~6 Billion total dollars - that is a massive amount of theft.
So basically, they are full of shit in their presentation because they try to create the illusion that nothing's changed because of ratios and averages, but anyone who looks at the data can tell otherwise.
But then they add this:
Sixty-seven percent of respondents reported more violence associated with organized retail crime than a year ago. In the last survey, 81% reported an increase in violence.
Meanwhile, 45% of retailers in the survey said they have reduced specific store hours to deal with crime and violence, nearly 30% said they somehow changed store product selection, and 28% reported closing a specific location because of crime.
Companies identified Los Angeles, San Francisco/Oakland, Houston, New York and Seattle as the five cities and metropolitan areas most affected by retail crime.
So, the article itself states a massive increase in total theft $, as well as the stuff stolen by looters. And the violence is up.
But according to the OP, he's using this to say nothing's really changed, because of a few ratios. ::)
Oh, and if you read where these numbers came from in other non libturd sources, you'll see cnbc left this out:
In 2022, inventory “shrink” as a percentage of total retail sales accounted for $112.1 billion in losses, up from $93.9 billion in 2021, according to the NRF report on Tuesday.
“Retailers are seeing unprecedented levels of theft coupled with rampant crime in their stores, and the situation is only becoming more dire,” said NRF Vice President for Asset Protection and Retail Operations David Johnston.
Dumbass
-
From the article:
So, the article itself points out that between 2021 and 2022, 18.1 BILLLION more $ were lost to shrink. That alone indicates a massive amount of more theft. But they try to create doubt by saying shrink goes up when sales go up, although they did not mention the total Sales increase, so we could see if the shrink ratio increased.
Regardless, their own math says external the external theft (which they also try to shift the blame from looters a bit to "organized crime") went down from 2022 on a % of total shrink basis, but that still totals an increase of ~6 Billion total dollars - that is a massive amount of theft.
So basically, they are full of shit in their presentation because they try to create the illusion that nothing's changed because of ratios and averages, but anyone who looks at the data can tell otherwise.
But then they add this:
So, the article itself states a massive increase in total theft $, as well as the stuff stolen by looters. And the violence is up.
But according to the OP, he's using this to say nothing's really changed, because of a few ratios. ::)
Oh, and if you read where these numbers came from in other non libturd sources, you'll see cnbc left this out:
Dumbass
lol
-
Oh, and if you read where these numbers came from in other non libturd sources, you'll see cnbc left this out:
Dumbass
Owned... /thread...
-
Giuliani, from I’ve heard, took credit specifically for organized crime reduction.
He advocated the “Broken Window” policy where crimes are crimes and stealing is stealing, the exact opposite of the current policy in crime ridden areas where stealing isn’t stealing unless you take more than a grand worth of stuff.
-
Dindus = The Reason for an Increased Surveillance State
-
Bullshit article (as usual)... The crime for this kind of thing has gone up in a big way... They can spin it how they want.
Only dummies buy it...
Yes this 100%. They couldn’t say it’s increasing because that would lead people to thinking that it was happening due to black people and we can’t have that.
-
Libz can cry all they want about Fruity Rudy, but he had NY crime at all time lows, immediately reversed by libturd "leaders".
They make fun of him, yet he embarrasses and owns them, so they ridicule themselves w/out even knowing it...
-
Brutal attempt at normalizing dinduism
-
Brutal attempt at normalizing dinduism
Thats what bleeding-heart libturdz do... Until it affects them or family.. Then they flip the script... (NOT IN MY BACK YARD)!
Like Cher and other brainless libturdz...
-
This makes me ask: Why is it up to taxpayers to fund police, the judicial process, and incarceration costs in order to defend the profitably of a retailer?
Before you tell me off let's remember that you are paying for law and order but you're still not getting it. Once again, government programs are like a restaurant that gives you the bill but never gives you the food.
If you reside in a peaceful neighborhood, I suggest it's that way due to factors other than heavily funded law enforcement. The people who live there are by their nature simply not inclined toward criminal behavior. Why should you and your well behaved neighbors have to fund LE for problem areas that you don't live in and don't want to visit? Plus schools, hospitals and clinics, social services in every flavor of the rainbow, etc, which you pay for but hardly use.
Because socialism. Law enforcement is socialist. Change my mind.
-
Thats what bleeding-heart libturdz do... Until it affects them or family.. Then they flip the script... (NOT IN MY BACK YARD)!
Like Cher and other brainless libturdz...
Same drill with the migrant policy. If all the libs in NYC take in 1 migrant the problem would be solved immediately.
-
This makes me ask: Why is it up to taxpayers to fund police, the judicial process, and incarceration costs in order to defend the profitably of a retailer?
Before you tell me off let's remember that you are paying for law and order but you're still not getting it. Once again, government programs are like a restaurant that gives you the bill but never gives you the food.
If you reside in a peaceful neighborhood, I suggest it's that way due to factors other than heavily funded law enforcement. The people who live there are by their nature simply not inclined toward criminal behavior. Why should you and your well behaved neighbors have to fund LE for problem areas that you don't live in and don't want to visit? Plus schools, hospitals and clinics, social services in every flavor of the rainbow, etc, which you pay for but hardly use.
Because socialism. Law enforcement is socialist. Change my mind.
Basically people who live in good areas are paying to keep them that way. Better law enforcement in Dindu shitholes helps accomplish this by keeping the worst off the street and not coming to the good areas when they run out of shit to rob nearby.
Yes law enforcement is socialist but unless you’re an Anarchist, you believe that protecting the population is legit role of government. IMO, as a Libertarian, it’s the only legit one.
-
Are you saying the people of Mayberry should be taxed to pay for social services including LE for people in Chicago? Because Mayberry somehow benefits by benefiting Chicago?
Wouldn't Mayberry be better served by funding itself and not giving its money to Chicago?
-
Are you saying the people of Mayberry should be taxed to pay for social services including LE for people in Chicago? Because Mayberry somehow benefits by benefiting Chicago?
Wouldn't Mayberry be better served by funding itself and not giving its money to Chicago?
More like the Upper Eastside in Manhattan paying for Harlem.
I get what you’re saying and it sounds good in theory. In reality Dindu areas need to be aggressively policed and someone’s gotta pay.
-
This makes me ask: Why is it up to taxpayers to fund police, the judicial process, and incarceration costs in order to defend the profitably of a retailer?
Before you tell me off let's remember that you are paying for law and order but you're still not getting it. Once again, government programs are like a restaurant that gives you the bill but never gives you the food.
If you reside in a peaceful neighborhood, I suggest it's that way due to factors other than heavily funded law enforcement. The people who live there are by their nature simply not inclined toward criminal behavior. Why should you and your well behaved neighbors have to fund LE for problem areas that you don't live in and don't want to visit? Plus schools, hospitals and clinics, social services in every flavor of the rainbow, etc, which you pay for but hardly use.
Because socialism. Law enforcement is socialist. Change my mind.
I live in the whitest area of the country, and the most heavily armed, which in turn also has the least violent crime...
Quite the common-sense equation...
-
I live in the whitest area of the country, and the most heavily armed, which in turn also has the least violent crime...
Quite the common-sense equation...
Do you have a spare room for rent?😂😢
-
Do you have a spare room for rent?😂😢
Free (for you) brother... ;)
-
More like the Upper Eastside in Manhattan paying for Harlem.
I get what you’re saying and it sounds good in theory. In reality Dindu areas need to be aggressively policed and someone’s gotta pay.
Manhattan is paying Harlem to never improve so Harlem never does. Its pure geometry.
I doubt you'd advise us to pay Mexico instead of seeing to our own security.
Enough already with good people being held to ransom by fuckheads who can't get their shit together and politicians who think incentivizing idiocy is progressive. I got their Great Reset right here.
Sorry, man. I had a shitty day.
-
Manhattan is paying Harlem to never improve so Harlem never does. Its pure geometry.
I doubt you'd advise us to pay Mexico instead of seeing to our own security.
Enough already with good people being held to ransom by fuckheads who can't get their shit together and politicians who think incentivizing idiocy is progressive. I got their Great Reset right here.
Sorry, man. I had a shitty day.
right where? on your keyboard?
-
This is working out to be one of the bigger thread backfires in recent memory:
https://www.cnn.com/2023/09/27/us/philadelphia-looting-arrests
All liquor stores closed in Philadelphia after multiple stores were looted overnight
-
This is working out to be one of the bigger thread backfires in recent memory:
https://www.cnn.com/2023/09/27/us/philadelphia-looting-arrests
All liquor stores closed in Philadelphia after multiple stores were looted overnight
all store owners should arm themselves with Uzis and open up on the fuckers
-
This is working out to be one of the bigger thread backfires in recent memory:
https://www.cnn.com/2023/09/27/us/philadelphia-looting-arrests
All liquor stores closed in Philadelphia after multiple stores were looted overnight
“It’s really not that bad you guys!!!”
-
This is working out to be one of the bigger thread backfires in recent memory:
https://www.cnn.com/2023/09/27/us/philadelphia-looting-arrests
All liquor stores closed in Philadelphia after multiple stores were looted overnight
(https://kerrywills.files.wordpress.com/2018/05/dgkhi6yw0aaq3f1.jpg)
-
Another deluded libtard fa66ot attempting to create an alternate reality.
They go out of their way to protect criminals and their shitty liberal policies. Don't believe you're lying eyes ::) Plus this poster is a Groomer and Pedo.
-
PV69 doesn't seem to be too libturded (like others) but maybe I don't pay attention much to his posts.
But it's funny when the few libturdz here try to argue or persuade a 95% conservative forum about what's right/wrong...
Makes them look extremely stupid and commie-like...
-
This is working out to be one of the bigger thread backfires in recent memory:
https://www.cnn.com/2023/09/27/us/philadelphia-looting-arrests
All liquor stores closed in Philadelphia after multiple stores were looted overnight
That riot introduced me to black Philly reddit, and it's awesome. A day ago it was nothing but riot footage -
https://www.reddit.com/r/PhillyWiki/ .
-
I found a pic of the OP.
(https://kerrywills.files.wordpress.com/2018/05/dgkhi6yw0aaq3f1.jpg)
.
-
PV69 doesn't seem to be too libturded (like others) but maybe I don't pay attention much to his posts.
But it's funny when the few libturdz here try to argue or persuade a 95% conservative forum about what's right/wrong...
Makes them look extremely stupid and commie-like...
What also makes them look stupid is taking an article to make a point, when the article itself contradicts it.
The CNBC libtard who wrote the article was too dumb not to expose her biases and manipulation, but apparently it fooled some of the readers who were desperate for confirmation bias.
-
right where? on your keyboard?
Ya my student loan forgiveness case officer misgendered me due to Kremlin propaganda.
-
all store owners should arm themselves with Uzis and open up on the fuckers
They'd be called "White Nationalists" and sent to prison for life. We'd see endless stories about how wonderful and good the thieves were and how racists killed them.
-
They'd be called "White Nationalists" and sent to prison for life. We'd see endless stories about how wonderful and good the thieves were and how racists killed them.
During the BLM riots all the Asian shopkeepers stood armed on the rooves and doorways of their shops
One female nig in a car driving past called them racist and they should let the nigs loot the shops as they were all insured.
-
During the BLM riots all the Asian shopkeepers stood armed on the rooves and doorways of their shops
One female nig in a car driving past called them racist and they should let the nigs loot the shops as they were all insured.
Demturdz, black Libz, and the Pant-Shitter (calling half the country "terrorists") are the worst vile creatures in history...
-
i=FTt3JfkoUzJ2QVto
-
During the BLM riots all the Asian shopkeepers stood armed on the rooves and doorways of their shops
One female nig in a car driving past called them racist and they should let the nigs loot the shops as they were all insured.
Quality citizens. This is why they can never be reasoned with.