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re: Target is closing stores because…..

Posted on 5/17/23 at 1:10 pm to
Posted by Fun Bunch
New Orleans
Member since May 2008
115516 posts
Posted on 5/17/23 at 1:10 pm to
Posted by Jones
Member since Oct 2005
90447 posts
Posted on 5/17/23 at 1:10 pm to
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.


Nice fail mr smart guy that drops in every thread like this to defend shitheads
Posted by AUFANATL
Member since Dec 2007
3855 posts
Posted on 5/17/23 at 1:14 pm to
quote:

It takes a lot more than a billion in sales to generate a billion in profits


Not to mention they raised their prices by about 25% along with every other business, partly to compensate for theft and damage from riots.

So even with all of that inflation and insurance money they still lost a billion in profits.

Posted by 4LSU2
Member since Dec 2009
37317 posts
Posted on 5/17/23 at 1:16 pm to
Everything

Woke

Turns

To

shite
Posted by 427Nova
Member since Sep 2022
1722 posts
Posted on 5/17/23 at 1:17 pm to
Wokeness and pandering to BLM got you no where. Surprise, surprise, surprise.
Posted by The Torch
DFW The Dub
Member since Aug 2014
19245 posts
Posted on 5/17/23 at 1:18 pm to
quote:

stuff people steal from its stores


Armed Guards would be cheaper
Posted by danilo
Member since Nov 2008
20068 posts
Posted on 5/17/23 at 1:21 pm to
Posted by nctiger71
North Carolina
Member since Oct 2017
1319 posts
Posted on 5/17/23 at 1:22 pm to
quote:

Cornell (CEO) drew a direct link between crime and closing stores. ….. specific financial consequences from crime:
$500 million loss in profits this year, following a
$600 million loss in 2022.
The $1.1 billion is for ‘22 & ‘23, FWIW.
Posted by soccerfüt
Location: A Series of Tubes
Member since May 2013
65535 posts
Posted on 5/17/23 at 1:24 pm to
Posted by UFFan
Planet earth, Milky Way Galaxy
Member since Aug 2016
1946 posts
Posted on 5/17/23 at 1:25 pm to
What would their losses be like if they prohibited black people from shopping at their stores?
Posted by BilJ
Member since Sep 2003
158754 posts
Posted on 5/17/23 at 1:26 pm to
I do wonder how self check outs have affected shoplifting numbers
Posted by The Boat
Member since Oct 2008
164082 posts
Posted on 5/17/23 at 1:29 pm to
I don't care about Target and I'm pleased they're hurting but this shows you why people who say stealing and looting are fine because "the company has insurance" are idiots.
Posted by LSUGrrrl
Frisco, TX
Member since Jul 2007
32858 posts
Posted on 5/17/23 at 1:29 pm to
quote:

hire a fricking cop, idiots


What would that do when local DAs aren’t prosecuting thefts?
Posted by UFFan
Planet earth, Milky Way Galaxy
Member since Aug 2016
1946 posts
Posted on 5/17/23 at 1:30 pm to
It’s probably increased shoplifting quite a bit, but Target will never admit it.
Posted by 427Nova
Member since Sep 2022
1722 posts
Posted on 5/17/23 at 1:38 pm to
But, but we got nowhere to shop in our neighborhood. It’s racism and white flight. Haha.
Posted by boxcarbarney
Above all things, be a man
Member since Jul 2007
22714 posts
Posted on 5/17/23 at 1:38 pm to
quote:

Holy shite, over a billion in theft?



When I worked next to a Sav A Center in New Orleans, the store manager told me they sometimes had close to $500k in theft in a year.

And this was before large cities decided to stop arresting blacks for committing crimes.

One of my past times at that job was to watch people sprinting through the parking lot with armloads of groceries.
Posted by dgnx6
Baton Rouge
Member since Feb 2006
68456 posts
Posted on 5/17/23 at 1:39 pm to
quote:

Nearly half of young white liberals (46 percent) reported being diagnosed with a mental health condition. That was significantly higher than the percentage of young white moderates (26 percent) and young white conservatives (21 percent) who reported a mental health diagnosis. Young white people who identified as "very liberal" were considerably more likely to report mental health problems, even compared with their peers who identified as liberal.


The inmates really are running the asylum.

This post was edited on 5/17/23 at 1:40 pm
Posted by WhoDatNC
NC
Member since Dec 2013
11695 posts
Posted on 5/17/23 at 1:41 pm to
Hire cops. Arrests criminals. Prosecute criminals.
Posted by teke184
Zachary, LA
Member since Jan 2007
94915 posts
Posted on 5/17/23 at 1:42 pm to
Alternatively, hire the loss prevention guys from the SF Walgreens.

They can literally murder people yet not get charged.
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
31064 posts
Posted on 5/17/23 at 1:45 pm to
quote:

Not really surprising when you essentially stop prosecuting theft in many cases


Truly amazing that removing the potential for negative outcomes from an action breeds more of that action.
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