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Chains are using theft to mask other issues, report says
cnn.com ^ | October 27, 2023 | Nathaniel Meyersohn,

Posted on 10/28/2023 2:01:58 PM PDT by ransomnote

Retailers say theft is exploding, and some data from retailers along with numerous videos of violent store robberies and looting seem to support the claim.

But some retail analysts and researchers, bolstered by local crime statistics, say stores may be over-stating the extent and impact of theft. Why? It’s a useful deflection, camouflaging weak demand, mismanagement and other issues denting business right now. And it forces lawmakers to respond.

Across the country, the “actual increase in rates of theft” at stores does not “correspond to the increase in company commentary and actions” on theft, according to a new report by retail analysts at William Blair.

SNIP

But a host of other issues, from inflation to rising costs, are impacting retailers, too. Theft is just one of many structural issues chains are facing, most notably the shift to online shopping and over-expansion of brick-and-mortar retail.

“Companies are also likely using the opportunity to draw attention away” from lower profit margins due to higher promotions and poor inventory planning in recent quarters, William Blair retail analysts Dylan Carden and Phillip Blee said in a report this week. Many retailers misjudged how much merchandise they needed to carry and now have a glut.

SNIP

Alex Vitale, a professor of sociology at Brooklyn College who studies policing, said business leaders had turned retail theft into a “moral panic” to mobilize a stronger police and criminal justice response.

“It shows us the way certain crimes in certain moments get mobilized far beyond their impact to play into a set of political and social debates,” he said.


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


TOPICS: Breaking News; Business/Economy; Crime/Corruption; Culture/Society; Politics/Elections
KEYWORDS: bias; chainstores; cnn; crime; dindunuffin; economy; mediabias; retail; theft
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1 posted on 10/28/2023 2:01:58 PM PDT by ransomnote
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To: ransomnote

But the again, there is theft.......


2 posted on 10/28/2023 2:03:09 PM PDT by blackdog ((Z28.310) My dog Sam eats purple flowers.)
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To: ransomnote

CNN. Trying to cover up culture again. :)


3 posted on 10/28/2023 2:04:11 PM PDT by Openurmind (The ultimate test of a moral society is the kind of world it leaves to its children. ~ D. Bonhoeffer)
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To: ransomnote

CNN: the enemy of free enterprise.

Stupid Lying CNN thinks free enterprise are the bad guys.

Wish CNN and their buddies would disappear forever.


4 posted on 10/28/2023 2:04:27 PM PDT by Jim W N (MAGA by restoring the Gospel of the Grace of Christ (Jude 3) and our Free Constitutional Republic!)
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To: ransomnote

CNN’s stock-in-trade is misinformation and indirection.


5 posted on 10/28/2023 2:04:40 PM PDT by E. Pluribus Unum (The worst thing about censorship is █████ ██ ████ ████████ █ ███████ ████. FJB.)
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To: ransomnote

(from inflation to rising costs, are impacting retailers, too.)

The Disastrous Joe Biden Administration

The gift 🎁 that keeps on giving


6 posted on 10/28/2023 2:05:03 PM PDT by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: ransomnote
Yaddah yaddah yaddah. CNN running cover for the Lives Which Do Not Matter.

“It's not theft. It's bad management.”


7 posted on 10/28/2023 2:05:42 PM PDT by Governor Dinwiddie (LORD, grant thy people grace to withstand the temptations of the world, the flesh, and the devil.)
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To: ransomnote
Yep... there goes leftist CNN making excuses for minorities robbing and destroying. They're not the problem; it's the stores mismanaging themselves and lying. Sure....
8 posted on 10/28/2023 2:05:58 PM PDT by Gaffer
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To: blackdog

You don’t know if this report is true, I sort of looked at it as an argument Democrats will use to say, crime isn’t that bad it’s the retailers who are inept while blaming the criminals.


9 posted on 10/28/2023 2:06:05 PM PDT by srmanuel
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To: ransomnote
I think CNN's propaganda is more stupid than their usual fare. One thing I haven't heard mention of is the likelihood that Brandon's economy has destroyed purchasing power, so even if the dems had not loosed the 'hounds of Hades' by defunding the police and decriminalizing crime, retailers would still be struggling to sell because we're in an economic intentional depression.

10 posted on 10/28/2023 2:06:05 PM PDT by ransomnote (IN GOD WE TRUST)
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To: ransomnote

Not gonna blame the ferals…


11 posted on 10/28/2023 2:06:10 PM PDT by gov_bean_ counter (Eccl 10:2 - The heart of the wise inclines to the right, but the heart of the fool to the left )
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To: blackdog
Retail theft is far from homogenous.

It varies significantly from location to location and from political jurisdiction to political jurisdiction.

One of the ways to lie with statistics is to take a highly variable datum such as retail theft, and average it over an entire nation.

All of the important details die with the average.

12 posted on 10/28/2023 2:09:30 PM PDT by marktwain
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To: ransomnote

I see no reason why retailers would cover up any of the issues mentioned.


13 posted on 10/28/2023 2:09:30 PM PDT by Gen.Blather (Wait! I said that out loud? )
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To: Openurmind
CNN. Trying to cover up culture again.

This.^^^^

14 posted on 10/28/2023 2:09:31 PM PDT by Obadiah
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To: ransomnote

Didn’t read the article but I’m going to guess “systemic racism”, “inequality”, and/or “global warming/climate change”


15 posted on 10/28/2023 2:09:37 PM PDT by glorgau
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To: blackdog

CNN spewing BS it’s as simple as that.


16 posted on 10/28/2023 2:10:56 PM PDT by gibsonguy ( )
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To: ransomnote

Crime is exploding, milions of illegals crossing the border, some of whom may be terrorists or terrorist wannabees, inflation, war in the ME...

Is there anything good that has happened to this country since Biden got into office?


17 posted on 10/28/2023 2:11:03 PM PDT by Signalman
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To: ransomnote
Alex Vitale, a professor of sociology at Brooklyn College who studies policing, said business leaders had turned retail theft into a “moral panic” to mobilize a stronger police and criminal justice response.

“It shows us the way certain crimes in certain moments get mobilized far beyond their impact to play into a set of political and social debates,” he said.

Seriously -- I will buy you a Wagyu steak dinner if you can translate this BS for me in a believable way.

18 posted on 10/28/2023 2:11:12 PM PDT by workerbee (==)
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To: ransomnote

CNN — No thanks.


19 posted on 10/28/2023 2:13:14 PM PDT by Labyrinthos
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To: ransomnote

CNN says it’s raining so that means they’re actually peeing on us. Retail theft absolutely exploded in recent years, helped along by masks, ‘social distancing’, Soros DA’s, BLM and “defund-the-police” efforts, and the race/class element injected by a fomenting media. The infamous Celine Dion quote “let them touch those things” was quite a few years ago now.


20 posted on 10/28/2023 2:14:17 PM PDT by SpaceBar
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