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Dollar Tree said theft is such a problem it will start locking up items or stop selling them altogether
MSN ^ | 8-27 | David Goldman

Posted on 08/27/2023 5:17:47 AM PDT by dennisw

Dollar Tree had miserable quarter, company management is chalking it up to a mix of factors: changing consumer demands on top of higher prices for fuel and electricity … and theft.

The company’s chief executive and chief financial officer homed in on that last one on a call with Wall Street analysts Thursday.

Dollar Tree CEO Richard Dreiling and CFO Jeffrey Davis blamed a surprisingly large drop in gross profit margin — tumbling to 29.8% last quarter from 32.7% a year earlier — on “shrink,” the industry term for inventory losses due to theft, damages and other causes.

Davis said the company has taken steps to fix the problem, but the shrink issue is getting worse — and “definitely advanced a little further than what we had anticipated.”

In response, Dreiling said Dollar Tree and Family Dollar stores, which the company also owns, will take more drastic measures in the coming months.

“We are now taking a very defensive approach to shrink,” Dreiling told analysts Thursday. “We have several new shrink formats that we’ll introduce in the back half of the year, and it goes everything from moving certain SKUs to behind the check stand. It has to do with some cases being locked up. And even to the point where we have some stores that can’t keep a certain SKU on the shelf just discontinuing the item. So we have a lot of things in the works.”

Dollar Tree, Dollar General and other discount stores have had longstanding theft issues, operating stores with just a handful of employees who have at times been victims of violent robberies and other crimes. Dollar Tree employees have complained about unsafe working conditions, and OSHA Regional Administrator Kurt Petermeyer in Atlanta in February criticized the company for a “continued disregard for human safety”

(Excerpt) Read more at msn.com ...


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To: Lockbox

perhaps the “ leave your card at the door before shopping” wouldnt be a bad idea.. but of course “THATS RACIST”.


21 posted on 08/27/2023 5:54:28 AM PDT by Ikeon (I'm a mirror , what you see in me is actually a refection of yourself. )
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To: dennisw

I was told by a store associate that the pregnancy tests are often found used in the women’s bathrooms.


22 posted on 08/27/2023 5:58:33 AM PDT by Cowgirl of Justice
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To: dennisw

Maggots living here have taken that “Land of the Free (stuff)” too seriously. We never should have let them take stealing off the list of crimes. Yeah, it reduced the crime stats but it’s breaking the retailers.


23 posted on 08/27/2023 5:58:58 AM PDT by FlingWingFlyer ("Say anything you like. Just don't say anything you don't like." - Old communist proverb.)
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To: 1of10

if your hair is thinning.... you can probably buy a bag of weave at a vending machine in your local mall. Sadly. :)


24 posted on 08/27/2023 6:00:39 AM PDT by ronniesgal (The bidens are actually more white trashy than the Clintons, and that's sayin' something)
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To: EEGator

Walmart and CVS are two major chains that no longer sell tobacco.

They will probably never admit it but you are probably correct—customer and employee theft (and employee safety) was probably a reason.

With insane tobacco taxes stealing cigarettes was just too tempting for the “entitled” among us.


25 posted on 08/27/2023 6:06:40 AM PDT by cgbg ("Creative minds have always been known to survive any kind of bad training." Anna Freud.)
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To: ronniesgal
“a bag of weave”

ha ... I would ... but I don't want to be appropriating some bodys culture
It might seem insensitive.... or something.

26 posted on 08/27/2023 6:09:30 AM PDT by 1of10 (be vigilant , be strong, be safe, be 1 of 10 .)
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To: Telepathic Intruder

When I was at my local gas station this morning to buy the Sunday paper I talked to the attendant. Upscale neighborhood. He said 10% of patrons steal. From candy to wine. 10%. It ain’t minorities or illegals. Nice theory, though.


27 posted on 08/27/2023 6:13:18 AM PDT by Oystir
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To: dennisw

Stores will close and you will find nothing for sale in the “Hood.”

As stealing is now perfectly OK, you will get so much of it, businesses will close up and flee.

Stealing is now “reparations.” If you are black, you have a “right” to steal.


28 posted on 08/27/2023 6:14:12 AM PDT by Gnome1949
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To: dennisw

So, Dollar Tree should raise prices in stores in Soros jurisdictions an additional 10% for Soros voters to subsidize the thievery they voted for and place a sign to that effect at the entry


29 posted on 08/27/2023 6:15:54 AM PDT by chuckee ( )
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To: Oystir

The interesting question would be the trend—is stealing increasing among all groups?

I think we know the answer....when our “leaders” are crooks who are not punished the population follows their lead.


30 posted on 08/27/2023 6:17:11 AM PDT by cgbg ("Creative minds have always been known to survive any kind of bad training." Anna Freud.)
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To: bert

I’m going to guess pregnancy tests and laundry detergent.


31 posted on 08/27/2023 6:18:04 AM PDT by hellinahandcart
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To: dennisw

In northwest Washington state yesterday early morning, a Ford F350 pickup smashed in the entire front end of a convenience store by ramming the entrance. Nothing was taken.

We have gone from theft to complete anarchy.


32 posted on 08/27/2023 6:18:13 AM PDT by Gnome1949
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To: dennisw

A razor blade desert?


33 posted on 08/27/2023 6:18:27 AM PDT by bort
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To: dennisw

Dollar Tree had miserable quarter, company management is chalking it up to a mix of factors:

How about the fact that that they are no longer “Dollar” Tree. Used to count on all items there being a dollar. I used to stop there as its next to the grocery store I normally use. After they increased prices I found they charged more for certain grocery items than the grocery store.

Also there is rarely anyone manning the register, you often have to go find someone to check you out at slow periods. And never more than two workers on a shift anymore and they are usually unloading trucks or stocking.


34 posted on 08/27/2023 6:20:56 AM PDT by Zack Attack
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To: dennisw; SaveFerris

"Dollar Tree said theft is such a problem it will start locking up items or stop selling them altogether"


"Dollar Tree said theft is such a problem it will start locking up items or stop selling them"
35 posted on 08/27/2023 6:23:13 AM PDT by dfwgator (Endut! Hoch Hech!)
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To: 1of10
I was in grammar school and stole a bag of balloons from Woolworths. (5 and dime back in the day.) A really mean woman caught me and said if I ever came back I was going to jail.

I was in college before I went back, and scared that she still worked there.

36 posted on 08/27/2023 6:26:30 AM PDT by LouAvul (Daniel 4:17: "..the most High ruleth in the kingdom of men, and giveth it to whomsoever He will.." )
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To: Telepathic Intruder

One example of many I’ve personally witnessed in the home grown urban community of Cincinnati. Mind you, this was eight years ago before things really got bad.

A lady fills up a 40 gallon plastic trash can on wheels that the store sold with various items to steal. An employee confronts the thief and is stabbed three times in the face with a screwdriver. The mother of four perpetrator was quickly caught and prosecuted. She received suspended sentences and probation for the felony assault and various other charges. Nary an illegal in sight.


37 posted on 08/27/2023 6:27:04 AM PDT by hardspunned (Former DC GOP globalist stooge)
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To: pepsionice

Still not gonna stop the smash and grab black gangs who flash steal. Social media invitation and pandemic mask and those mutts are off to the races.


38 posted on 08/27/2023 6:27:57 AM PDT by LouAvul (Daniel 4:17: "..the most High ruleth in the kingdom of men, and giveth it to whomsoever He will.." )
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To: Gen.Blather
“if I wasn’t here everything you see there would be gone before noon.”

I stopped by Dillards to buy some cologne last Friday. I asked the attendant why the sample bottles are all empty. He said "teens" would come in and grab the bottles and bolt for the door. Same thing.

39 posted on 08/27/2023 6:30:31 AM PDT by LouAvul (Daniel 4:17: "..the most High ruleth in the kingdom of men, and giveth it to whomsoever He will.." )
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To: dennisw

Surely the in-store theft (or the from-store theft, if you will) is a huge problem, but I’d be curious what the numbers are from warehouse theft and truckjackings, and how those last numbers compare and trend.


40 posted on 08/27/2023 6:30:47 AM PDT by Eccl 10:2 (Prov 3:5 --- "Trust in the Lord with all your heart, and lean not on your own understanding")
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