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 ...
This should be interesting.
A few years back, the Dollar Tree in Destin was burglarized.
The one question that was on everybody’s mind:
WHO IN HELL ROBS A DOLLAR TREE?..........................
well as we know it’s no longer $1, but $1.25 per most items.
the store nearest me just added $2, 3, 5 dollar items.
I haven’t seen them lock items up yet.
The loss of basic morals is rampant and has reached every corner of the country.
We were a moral people and “shrink” was not a huge problem in the past. Now it’s forcing stores to close, cities to lose markets and pharmacies, products to be locked up all over the place. Employees who do the courageous thing to stop this out-of-control problem get fired the next morning. Police just don’t respond. If they do collar the perps, the DAs let them go.
We need a Great Awakening Revival in the USA. Without that, morals will continue to collapse and the Republic is done for.
I’m so old that I remember how “Motel 6” got its name.
For one...It’s Dollar and a quarter Tree. Two...who would steal from a Dollar Tree when there’s Gucci, Nordstroms and Macys?!
The once great U.S.A. is descending into a state of total chaos. Looting stores doesn’t even raise an eyebrow any more. As DJT has said, if the Dems win in 2024, we’re finished as a nation.
Is this nationwide?
They expressed great sadness that inflation caused them to change their price points. Understanding it was probably a little watered, but still seemed to work, I used to buy 64 Oz of liquid laundry detergent for $1. Now it’s 1.25 for 46 Oz. With an increase in margins like that they can probably absorb some shrink
My first thought. What would you possibly be interested in stealing at Dollar Tree??
It’s a $1.25 tree now, but seriously what $1.25 items do they plan to hide behind the counter?
When I was in Business School (1980’s) we were taught that if a retailer had large amounts of shrinkage - it was employee theft because large shrinkage could not occur from shoplifting “unless they were walking out with armloads full of stuff”.
Of course, that is exactly where we are now.
I agree about the need for another Great Awakening, but in the past they always followed severe economic reversals.
And they are now on “Motel 60”
“they always followed severe economic reversals”
Please stand by...
“They can probably absorb some shrink”
So you are saying they can tolerate theft because you think their prices have gone up to much. How much theft can you absorb?
well, prices went up during the “plandemic” but not 25%
today their wholesale prices are probably up about 6%
so I guess you can figure it out
Instead of locking up the criminals they end up locking up the merchandise.
Going back to to early 1900s grocery store model before Piggly Wiggly established the first self-service grocery store. Before then you gave a clerk a list of what you wanted and they gathered the goods.
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