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Post by geddyleeridesagain on Sept 26, 2023 23:04:10 GMT -5
Remember when Walgreens closed multiple locations in San Francisco, citing rampant theft? Oops! A Walgreens executive said this week that the company, which cited “organized” shoplifting as a reason to close five stores in San Francisco in October 2021, might have overstated the effect of theft on its business.
“Maybe we cried too much last year,” James Kehoe, the company’s chief financial officer, said during a Walgreens earnings call with investors.
Mr. Kehoe also said that the company had “probably” spent too much on security measures and that it might have mischaracterized how much theft took place in its stores.
It was a remarkable admission, retail experts said. Walgreens and other retailers have in recent years complained about an increase in shoplifting, inflaming political debates about crime.www.nytimes.com/2023/01/06/business/walgreens-shoplifting.htmlYeah. Like I was saying...
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Post by geddyleeridesagain on Sept 26, 2023 23:11:28 GMT -5
Blah, blah, blah. Retail shrink (you'll probably need to look that up) has not appreciably changed in the past 3 years. But it's more convenient to blame underperforming locations on theft (65% of shrinkage is due to internal theft and inventory simply being lost in the system anyway) - it's an easier sell to investors and on earnings calls. But sure, Democrats, etc etc...hey, have you heard Trump has a big problem in New York right now? I think you have! Yep, Donald Trump is the devil but we have no problems over here. Don’t look. It’s perfectly safe. Just 15 people died last night. But Donald is bad. Do you know how stupid you sound? Well, Trump spent four years stealing from the American people and many more years defrauding investors, lenders, and very likely the IRS, so it's certainly appropriate to bring his name into a conversation about petty theft, don't you think?
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Post by BearClause on Sept 26, 2023 23:25:44 GMT -5
Blah, blah, blah. Retail shrink (you'll probably need to look that up) has not appreciably changed in the past 3 years. But it's more convenient to blame underperforming locations on theft (65% of shrinkage is due to internal theft and inventory simply being lost in the system anyway) - it's an easier sell to investors and on earnings calls. But sure, Democrats, etc etc...hey, have you heard Trump has a big problem in New York right now? I think you have! I've actually been to the two Target stores that are closing in Oakland and SF. They're kind of weird looking things. In San Francisco it's in some random location with a small parking lot and relatively small size. I've seen similar sized (or even smaller) Target stores in Berkeley and Cupertino, which aren't Target Express stores. The one in Oakland is very unique (more a subterranean area of a newer upscale apartment building) and frankly when I'd been there I didn't see a whole lot of customers even though it's in an area (Uptown) with a lot of newer apartments and condos. It's not a terribly depressing part of Oakland. There are lots of upscale bars and restaurants in the neighborhood, and a Mercedes-Benz dealer a few blocks up Broadway. But the store has a confusing labyrinth layout. Pittsburg I get. It's a relatively low income area and I'm thinking that organized crime rings have recruited a lot of foot soldiers there.
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Post by Mocha on Sept 26, 2023 23:34:48 GMT -5
Yep, Donald Trump is the devil but we have no problems over here. Don’t look. It’s perfectly safe. Just 15 people died last night. But Donald is bad. Do you know how stupid you sound? Well, Trump spent four years stealing from the American people and many more years defrauding investors, lenders, and very likely the IRS, so it's certainly appropriate to bring his name into a conversation about petty theft, don't you think?
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Post by blue-footedbooby on Sept 27, 2023 0:27:23 GMT -5
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Post by 🌽🍞 on Sept 27, 2023 3:35:46 GMT -5
Lol you are so angry at everything. You need to take more Xanax
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Post by longboards on Sept 27, 2023 4:27:39 GMT -5
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Post by HOLIDAY on Sept 27, 2023 5:18:05 GMT -5
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Post by HOLIDAY on Sept 27, 2023 5:19:08 GMT -5
I get so much pleasure out of watching worthless Democrats try to spin everything they’ve created. Is there anything decent about a democrat? Asking for a friend?
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Post by dc on Sept 27, 2023 5:51:15 GMT -5
I get so much pleasure out of watching worthless Democrats try to spin everything they’ve created. Is there anything decent about a democrat? Asking for a friend? Hey hoolie the dumba$$..... ....can you say D-O-N-A-L-D T-R-U-M-P ? Yet you continue to claim "Democrats" are the source of all our troubles....your delusion is funny except it is dragging us all down. I'm not saying Trump is the source of all our troubles, but that he is a massive symptom. Just like hoolie the dumba$$ is a symptom.
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Post by 🌽🍞 on Sept 27, 2023 5:56:58 GMT -5
Imagine being so triggered by a store closing you get so angry you have to make some stupid thread about it. Hahahaha Buddy needs some more meds
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