Posted on 11/23/2021 11:48:11 AM PST by karpov
Best Buy CEO Corie Barry said Tuesday that rising theft is hitting the company’s profits and could hurt employee retention at a time when the labor market is tight, especially in the retail industry.
She said the retailer has seen a noticeable jump in organized crime, with people coming to stores to steal consumer electronics — and in some cases, bringing a weapon such as a gun or a crowbar. She said the company will prioritize the safety of customers and employees, even if that means criminals are running out the door with thousands of dollars of merchandise.
“These are traumatic experiences, and they are happening more and more across the country,” she said on CNBC’s “Squawk on the Street.”
Other retailers, including Kroger, CVS Health and Walgreens Boots Alliance, have also spoken about an increase in theft. Walgreens said it is even closing certain stores because of it.
To fight organized crime, Best Buy is locking up some of its merchandise, hiring security guards in certain locations and working with retail trade groups to look for solutions, Barry said on an earnings call.
She said San Francisco and other parts of California have been “hot spots” for the crimes but that there are problematic pockets across the country. In some cases, she said, more than a dozen people rush in a store and run out with goods. In other cases, it’s just a couple of people.
In the past week, two Nordstrom stores in California have been targeted by groups of looters in these types of “smash-and-grab” robberies.
Barry said she’s not sure why the crimes have increased but they are hard to stop. The retailer discourages its employees from confronting the thieves and in some cases, law enforcement prioritizes other kinds of crimes.
(Excerpt) Read more at cnbc.com ...
more than a day try a week or a month
Just California politicians buying votes.
Just think of it as reparations.
“Best Buy is locking up some of its merchandise”
Heck, the Walmart in Mountain View, CA locks up most toiletries. You need to find a clerk with a key to open the bins to get laundry detergent. Then you move to the next aisle and have to find a different clerk to open the case to get some razor blades and shave cream. What used to be a five minute stroll to grab what you wanted now is 30 minutes of trying to find the right person with the right key to buy two items.
As much as I detest Bezos, it makes Amazon all the more attractive all the time.
How long will these stores remain in business?
Thanks, Democrats and Soros, for soft-on-crime making it impossible to shop locally.
“Barry said she’s not sure why the crimes have increased but they are hard to stop.”
*********************************************
Really??? LOLOLOLOLOL!
"Certain stores"? Hmm...
I see another outcome as well.
If employee see that their employers are not going stop theft, then they may begin to help themselves to the goods (perhaps more than already is occurring.)
Local retail is dead in urban California.
Blacks need they own separate, and walled off, country.
They can have the West Coast.
They are closing certain stores because of certain kinds of people who are looting and robbing.
Regards,
All dem run shithole cities with Soros prosecutors, DAs, AGs etc
How long until mass Amazon van jackings?
LOL, they = their
That’s what Remy 1100 Semi-Auto Police Tactical 12ga are made for. Shoot the looters.
“Barry said she’s not sure why the crimes have increased but they are hard to stop”
Don’t see very many smash and grabs at gun stores.
Hi.
During hurricanes and the aftermath, looters are shot. And, sometimes displayed.
Just saying.
5.56mm
In many areas, BB is closing stores because people are doing their shopping online. Serving as a brick and mortar showroom for online retailers is a loosing business plan. Thieves make it even worse.
“but that there are problematic pockets across the country.”
Woke Barry cannot just blame disadvantaged minorities that descended from slaves. Everybody is to blame! Everywhere!
Maybe this will help (/s)
Celebrating Black Culture - Best Buyhttps://www.bestbuy.com › ... › Inclusion & Diversity
It is crucial to support our Black employees, including their activism within broader movements such as Black Lives Matter (BLM). We are proud to have a ...
Best Buy Commits More Than $44 Million to Diversity ...https://corporate.bestbuy.com › best-buy-
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