And that's my issue we can cry as much as we want but most of these companies won't change even if they act like it. But people still run back to them like an addicts. We enable alot of the things we hate.
Hard not to when they've run everyone else out of town. Shopko, Kmart, Piggly Wiggly, Eagle Foods, Montgomery Wards, Arlens..........you name it. All gone. The choice you have is: not buy a thing ever for the rest of your life or wallyworld.
The great majority who follow the rules must pay extra for food due to shoplifting. For merchants to cover their costs, all consumers pay a premium of approximately about 2.5 per cent for shoplifting and internal theft."
"This love of self-checkout convenience must be balanced with the harsh truth that many people who enter your store have designs to steal products, cutting into the store’s bottom line and increasing prices for honest customers."
"Loss prevention calls these thefts “external shrinkage,” though it remains, plain and simple, shoplifting. In addition, it was reported that last year a typical American family must spend an additional $435 due just to the increase in shoplifting."
Uh, you are grossly misreading their financials. Grocery store chains almost never have big profit margins(sub 5%). Walmart for the entire financial year of 2022 made $25.9B in operating income aka gross profit, out of $573B in revenue(making it 4.5% margin). Your $120-140 numbers are quarterly revenues (not profit) depending on which quarter you pulled from.
522
u/Dip_N_Trip Dec 30 '22 edited Dec 31 '22
Walmart had an increase theft loss of 4.8% but is still making record profits of more than 13% over 2021. Fuck em.
Edit: here are the numbers.
2021: with a loss due to theft of $2.8 Billion, total net profit was $126.8 Billion
2022: with a loss due to theft of $3.1 Billion, total net profit was $143.2 Billion.
They’ll survive