Posted on 08/25/2023 12:58:52 PM PDT by ChicagoConservative27
Dollar Tree is planning to lock up some of its merchandise and may discontinue the sale of certain products, as theft makes a dent in the company’s profit margins.
Richard Dreiling, Dollar Tree’s CEO, said on a call with analysts Thursday that the company is introducing new measures in the second half of the year to combat “shrink,” or the loss of inventory from theft and other causes.
“We are now taking a very defensive approach to shrink,” Dreiling said, noting that such inventory losses “advanced a little further than what we had anticipated.”
Dollar Tree and Family Dollar, both of which are owned by Dollar Tree Inc., will begin to move some items behind the checkout stand or lock up others, he said. However, in some cases, merchandise may simply be discontinued if stores are unable to keep it on the shelves, Dreiling added.
(Excerpt) Read more at thehill.com ...
The local Dollar Tree did raise the price of the majority of their items to $1.25, however, they now offer an entire asle featuring items that sell for a much as $9.99. They gave come to resemble a Dollar General Store instead of a Dollar Tree.
In the not-so-distant future, walk in retail stores, under the current economic paradigm, will essentially cease to exist in certain urban areas. One will have to use a phone app to purchase items online, and then pass a secured entry point in a store to simply pick up their preassembled orders. Most, if not all, retail endeavors, including restaurants, will become pay-first transactional businesses. Is this what they mean by ‘progressive’?
Nope. Being sarcastic. My point was simply they publicly cried crocodile tears over leaving their signature price point, and this and other particulars probably did very well as a result
I live in North Idaho, one of the most conservative and honest, family-oriented areas in the country. Our Ace Hardware store had an open side door to their little garden center. You could walk out the side door, through the garden center, and exit the front to the parking lot. So it was basically an honor system.
A big “Shoplifters will be prosecuted” sign went up a few months ago at the register. Even here, a sticky fingered cretin walked out with a $700 tool via the open, unguarded garden center door. The cops won’t respond under $1,000 in theft. I was absolutely shocked to see that happen here.
So yes, even the best communities in the country are having these problems.
These looters do it just because they can.
I live in a very conservative county, Bell county Texas, in a even more conservative town, Salado, Texas. Our racial problems are minimal. Our theft problems are minimal. If you do bad things and are caught you will be arrested and prosecuted. Our dollar store is just business as usual.
“Just a lot of relevant information left out of this article”.
Like most articles.
I used to go to Dollar Tree two or three times a week. Now they are $1.25, $3, and $5. The price rise doesn’t keep me away, the fact that they no longer carry the things I bought a lot of aren’t there any more. and one item that was $1 is now 1.25 and 10 cents more in sales tax. I can get that in Dollar General for a flat $1 with no sales tax and the DG is nearer. I buy a lot of those B12 shots because I work at night and don’t get much sleep in the daytime.
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