“It's not theft. It's bad management.”
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 ...
But the again, there is theft.......
CNN. Trying to cover up culture again. :)
CNN: the enemy of free enterprise.
Stupid Lying CNN thinks free enterprise are the bad guys.
Wish CNN and their buddies would disappear forever.
CNN’s stock-in-trade is misinformation and indirection.
(from inflation to rising costs, are impacting retailers, too.)
The Disastrous Joe Biden Administration
The gift 🎁 that keeps on giving
“It's not theft. It's bad management.”
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.
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.
Not gonna blame the ferals…
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.
I see no reason why retailers would cover up any of the issues mentioned.
This.^^^^
Didn’t read the article but I’m going to guess “systemic racism”, “inequality”, and/or “global warming/climate change”
CNN spewing BS it’s as simple as that.
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?
“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.
CNN — No thanks.
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.
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