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 ...
“And it forces lawmakers to respond.”
Why? They eff-up anything they touch! Sure wish they’d READ their State and our AMERICAN Constitution!
Your POWERS are LIMITED! LIMITED! P*ss off!
Go ahead, CNN. Prove the theory wrong.
Consider the source reporting! To the MSM it’s not the robbers’ fault for stealing, it’s reparations for some wrong.....
Exactly. It’s hard to fix a problem when you deny it.
What a crock. Retailers have been closing city stores for years due to amazing levels of theft, and now it’s ten times worse
Socialists deflect.
No.
Is it the tipping reason?
Often yes.
Hey CNN....this: https://freerepublic.com/focus/f-news/4192914/posts
Shoplifting running rampant here near “FR HQ Land”...3-5 shoplifting incidents per day per WalMart/Target/Dick’s, etc....one local CVS drug store has a “1 qt. of vodka a day” shoplifter lady...their insurance co. says “let her walk”..too much liability risk to stop her.
Right ignore all the evidence, just believe the political media.
Simple question Clown News Now. Why is this only happening in major urban areas.
Because if they were shutting down due to bad managements and weak sales the very first stores they would be shutting down would be low traffic stores in less populated areas,
Theft should be illegal, period. Other economic issues have always bee there. A refusal to prosecute or poluce theft is brand new.
I wonder if Hurricane Otis helped refill the Panama Canal.
Rumor is a dried Panama Canal impacts logistics.
Thanks for posting, ‘note. Comments BUMP!
The only good thing is that more people are waking up to how craven and evil “progressives” are.
The decay of San Francisco, is caused by “other issues.”
Well shake my tailfeathers if a fix to shoplifting isn’t shown in the first ten seconds of this vidoe clip:
https://www.youtube.com/watch?v=_cnzuI4fsMs
WHY?
Does she have a bunch of enforcers backing her up?
"Nice little store you've got here...
The effect of too many ‘broken windows’.
Lol!
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