Retailers Call Out Organized Theft Hitting Profits
May 24, 2023 ·
16m 8s
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Description
The amount lost to theft by retailers, known as "shrinkage," is rising sharply, according to execs at major chains. Organized shoplifting is https://seekingalpha.com/news/3973563-executives-call-out-rising-retail-theft-hitting-profits and is becoming "normalized," says one expert....
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The amount lost to theft by retailers, known as "shrinkage," is rising sharply, according to execs at major chains. Organized shoplifting is hitting bottom lines and is becoming "normalized," says one expert. And it extends to the supply chain.
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Executives call out rising retail theft hitting profits
Shrinkage Crisis: Target's Financial Battle Against Organized Retail Crime
Target issues soft earnings forecast due to inventory, retail theft impacts
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Our links:
Wall Street Breakfast:
Seeking Alpha's Wall Street Breakfast brings the top news to investors every morning. Released by 8:00am ET, it's all the news you need to know for your market day.
Seeking Alpha Premium:
A comprehensive set of features and analysis that helps take the guesswork out of your investing decisions. Get the bottom-line on any stock or ETF with our Premium tools.
Alpha Picks:
Alpha Picks gives you two top stock picks each month, sifted from Seeking Alpha’s analysis of thousands of stocks. We do the work. You reap the rewards.
Wall Street Breakfast on Twitter
Show links:
Executives call out rising retail theft hitting profits
Shrinkage Crisis: Target's Financial Battle Against Organized Retail Crime
Target issues soft earnings forecast due to inventory, retail theft impacts
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