Quote:
Originally Posted by curves2000
Corporate executives are sounding the alarm on investor conference calls about a problem that doesn't exist or isn't a concern, according to some. Meanwhile industry figures are showing an increase of 19% year over year. https://www.investors.com/news/retai...ganized-crime/ |
Like I said above, using 2020 or 2021 as some kind of baseline to reference from is pretty dishonest. All activity dropped significantly in those years, so a 19% increase in losses from 2021 to 2022 isn't particularly notable. Especially when you consider that that nearly half of that increase in dollars is just inflation. If you look at the shrink rate (losses as a % of sales) 2022 was no different than most prior years.
And yeah, real big surprise that executives at retailers are going to blame external factors for their poor performance rather than their own efforts.