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[quote=Anonymous][quote=Anonymous]

Target Corporation estimates that inventory shrink could total $1.2 billion this year, an increase of $500 million from last year. It is important to note that “shrink” isn’t all or even mostly theft. It’s loss due to any cause—spoilage, damaged shipments, supplier fraud, sloppy inventory tracking within stores, employee theft, etc. Neither target nor any other retailer squawking about theft has publicly released any data on percentage inventory losses or due to theft or gross value of goods they believe to have been stolen.

Anyway, the retail theft panic is a manufactured one.
[/quote]

What a strange thread. Of course theft has risen massively. Target, and others, are reporting huge shrinkage numbers, in terms of absolute dollars, YoY growth, and as a percentage of sales. Is anyone seriously going to argue that Target has just suddenly forgotten how to refrigerate food?  Or that their workers suddenly developed butter fingers and keep dropping big screen tvs?  Maybe their truck drivers are suddenly flipping their big rigs at a rate 70% higher than normal???

I’ve worked in operations for 20+ years.  Controllable shrinkage like spoilage should be improving every year as a percentage of sales (and almost certainly is). Short of some very specific issue like a new inventory tracking system going live, Target is clearly getting ripped off. Whether from suppliers, employees, or customers, I can’t say, but people are stealing from them.

Target posts 70+% YoY shrinkage growth and 2.2% sales growth, and everyone’s like “The media is dishonest for reporting on rising retail theft!!!” 😂😂😂[/quote]

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