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re: Target is closing stores because…..
Posted on 5/17/23 at 12:53 pm to WildcatMike
Posted on 5/17/23 at 12:53 pm to WildcatMike
Shouldn’t they just convert to a non-profit homeless center at this point?
1
Posted on 5/17/23 at 12:54 pm to WildcatMike
frick Target. Hope it ends up being 5 billion.
Posted on 5/17/23 at 12:54 pm to WildcatMike
Sounds like typical corporate BS.
Average retail shrinkage (theft) is 1.44% nationally.
Target sold $109.1 billion last year.
So Target's $1.1 billion in losses is better than average.
Average retail shrinkage (theft) is 1.44% nationally.
Target sold $109.1 billion last year.
So Target's $1.1 billion in losses is better than average.
This post was edited on 5/17/23 at 12:56 pm
Posted on 5/17/23 at 12:55 pm to fallguy_1978
quote:
Not really surprising when you essentially stop prosecuting theft in many cases
Yep, some of this is organized crime. Modern day piracy. You can steal a limited amount in every store, sell to your fence and make a living.
The Fence sells stuff on Ebay or other outlets for massive profit.
This post was edited on 5/17/23 at 1:01 pm
Posted on 5/17/23 at 12:55 pm to WildcatMike
They got what they asked for.
Posted on 5/17/23 at 12:56 pm to VABuckeye
quote:
You stated over a billion in theft. Your quote clearly says over a billion in profits. There's a large difference between the two. It takes a lot more than a billion in sales to generate a billion in profits.
Not sure the context of the conversation between you two, but I can almost guarantee that Target doesn't give a shite about "sales" or "theft". They only care about "profit". And if they're losing over a billion dollars in profit, that's gonna wake everyone up.
Posted on 5/17/23 at 12:57 pm to Fun Bunch
quote:
Were they stealing the bikini bottoms specifically made for "little girls" to be able to tuck their penises in? Target is selling those, fyi.
frick it, I don't even feel bad if they get looted and burned anymore.
Hell, we could sack one like the barbarians sacking Rome. Could be fun.
Posted on 5/17/23 at 12:57 pm to WB Davis
quote:
Sounds like typical corporate BS.
Of course the leftists will try to change the course of criticism. Didn't take you long either.
Posted on 5/17/23 at 12:57 pm to WB Davis
quote:
So Target's $1.1 billion in losses is better than average.
They are closing the stores that are way worse than the average. Makes sense to me from a business perspective.
Posted on 5/17/23 at 12:58 pm to RogerTheShrubber
quote:
Modern day piracy.
Yarrr, perhaps it's time to start slitting throats and procuring a few sundries
Posted on 5/17/23 at 12:58 pm to Pax Regis
This is what insurance is for!
Sincerely,
Progressives from MN
Sincerely,
Progressives from MN
Posted on 5/17/23 at 12:58 pm to WildcatMike
They also put all the tranny stuff in stores that won’t sell.
Posted on 5/17/23 at 12:58 pm to CocomoLSU
quote:
Guess they shouldn't have been such a big......
.......target.
God damn it that made me laugh more than it should
Posted on 5/17/23 at 12:58 pm to WildcatMike
Eventually crime will cause enough issues for these big companies that they will shift their focus from ESG to crime prevention and mitigation. We’re seeing cracks in the foundation now. I applaud these companies closing stores due to crime
Posted on 5/17/23 at 1:01 pm to IAmNERD
quote:
Not sure the context of the conversation between you two, but I can almost guarantee that Target doesn't give a shite about "sales" or "theft". They only care about "profit". And if they're losing over a billion dollars in profit, that's gonna wake everyone up.
The point was that the actual monetary value of stolen items is even bigger than over a billion dollars. Every item has cost+overhead+profit built into the price.
Posted on 5/17/23 at 1:06 pm to DakIsNoLB
quote:
The point was that the actual monetary value of stolen items is even bigger than over a billion dollars
Right, but from the corporate POV they don't care about anything but the profit reported to shareholders. So it doesn't matter it it's a trillion dollars in revenue, if it doesn't affect the profit on the back end, who cares.
Quibbling over whether it was a billion in theft or a billion in profit doesn't matter because the only thing that matters is the profit. Which was clearly stated in the article: $1.1 Billion in profit is walking out the door this year.
Posted on 5/17/23 at 1:06 pm to WB Davis
quote:
Sounds like typical corporate BS.
Average retail shrinkage (theft) is 1.44% nationally.
Target sold $109.1 billion last year.
So Target's $1.1 billion in losses is better than average
Research sales vs profit
Posted on 5/17/23 at 1:07 pm to WB Davis
quote:
Sounds like typical corporate BS.
LOL uh huh, groomer.
Posted on 5/17/23 at 1:07 pm to WB Davis
quote:
Sounds like typical corporate BS.
Average retail shrinkage (theft) is 1.44% nationally.
Target sold $109.1 billion last year.
So Target's $1.1 billion in losses is better than average.
At first, I thought this, but in reality, there are stores that are probably way over that 1.44% and will eventually raise the overall number if left open. I'm sure their insurers are putting pressure on them.
A higher-up at Walmart told me years ago that around 2% of their products walk out the door, "fall off a truck", or "go missing in the stock room."
Posted on 5/17/23 at 1:08 pm to WildcatMike
It's got to get worse before it can get better
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