• BigWheelPowerBrakeSlider@lemmy.world
    link
    fedilink
    arrow-up
    14
    arrow-down
    75
    ·
    11 months ago

    They are talking about organized retail theft. Individuals stealing still could make up a large amount of loss. Article doesn’t seem clear to me on that point.

      • chiliedogg@lemmy.world
        link
        fedilink
        arrow-up
        10
        arrow-down
        2
        ·
        11 months ago

        Having insurance isn’t a free money glitch. Insurance companies wouldn’t be able to operate if the insurance didn’t cost more than the claim payouts.

      • PrettyLights@lemmy.world
        link
        fedilink
        arrow-up
        16
        arrow-down
        31
        ·
        11 months ago

        And the more they use the coverage, the more it costs.

        Have you ever filed claims against your home or auto insurance? Even when it was fully in policy and not your fault, your rates likely spiked.

        • ZeroCool@feddit.ch
          link
          fedilink
          arrow-up
          29
          arrow-down
          9
          ·
          11 months ago

          And the more they use the coverage, the more it costs.

          Oh no! Anyway…

          • Kusimulkku@lemm.ee
            link
            fedilink
            arrow-up
            4
            arrow-down
            8
            ·
            11 months ago

            Costs running high means something isn’t as profitable. Meaning they might close a store.

          • PrettyLights@lemmy.world
            link
            fedilink
            arrow-up
            13
            arrow-down
            28
            ·
            11 months ago

            You think a corporation wil just eat those costs? Not a chance, they’re going to raise the prices on you and all of your neighbors to compensate.

            • ZeroCool@feddit.ch
              link
              fedilink
              English
              arrow-up
              33
              arrow-down
              8
              ·
              edit-2
              11 months ago

              Yes, I’m well aware corporations never miss an opportunity to fuck people over.

              • PrettyLights@lemmy.world
                link
                fedilink
                arrow-up
                11
                arrow-down
                25
                ·
                11 months ago

                Then what was the point of your previous comment? Theft has a real and measurable impact on your community.

                • ZeroCool@feddit.ch
                  link
                  fedilink
                  English
                  arrow-up
                  34
                  arrow-down
                  7
                  ·
                  edit-2
                  11 months ago

                  They literally closed those stores without actual theft issues. You think they’re gonna reopen them now that they’ve admitted they were lying? Of course not. Sounds like imaginary theft has a ReAl aNd MeSUrAbLe impact on my community too. Fuck 'em.

                  • PrettyLights@lemmy.world
                    link
                    fedilink
                    arrow-up
                    11
                    arrow-down
                    17
                    ·
                    edit-2
                    11 months ago

                    I never commented about Target closing or reopening stores. My comment was relating to insurance not just being free money that covers bad stuff happening. There’s also such a thing as being uninsurable.

                    I’m all for bashing corporate greed but claiming theft isn’t a big deal because they have insurance is a bad take.

            • Spaceballstheusername@lemmy.world
              link
              fedilink
              arrow-up
              12
              ·
              11 months ago

              Stores like target will charge whatever they can, do you think target is saying well we could charge more but we won’t to be nice but now that shit is getting stolen we’re going to increases prices to make up for it.

              • PrettyLights@lemmy.world
                link
                fedilink
                arrow-up
                2
                arrow-down
                1
                ·
                11 months ago

                I don’t think it’s unreasonable to say that prices are at least partially a result of the cost of doing business.

                What’s part of the cost of doing business? Theft. Estimated shrink rates are factored into profit forecasting.

                • Spaceballstheusername@lemmy.world
                  link
                  fedilink
                  arrow-up
                  1
                  ·
                  11 months ago

                  It’s factored into profits but that doesn’t mean it’s going to change the price. The reason cost is a factor is because competitors can’t charge lower than what it costs for the product. But when you have online as a competitor then things like cost of stolen items have less of an impact because you need to compete with them or other chains who have figured out how to prevent theft at a cheaper cost than you.

        • Traister101@lemmy.today
          link
          fedilink
          arrow-up
          19
          arrow-down
          3
          ·
          11 months ago

          Wait are you telling me insurance is a scam because if you ever need to use it it’ll cost more money? That’s crazy dude, I feel so awful for the massive multimillion dollar companies that are forced to pay for it…

          • PrettyLights@lemmy.world
            link
            fedilink
            arrow-up
            3
            arrow-down
            4
            ·
            11 months ago

            Enjoy paying higher prices for everything and having to track down every time you want to purchase an item when they lock all the shelves.

            Not sure where you live but it’s getting really old seeing toothpaste and basic necessities getting locked up like video games in the 90s.

            • Traister101@lemmy.today
              link
              fedilink
              arrow-up
              6
              arrow-down
              1
              ·
              11 months ago

              I mean as you yourself noted they are already locking up stupid shit like toothpaste. Nobody is fuckn stealing enough toothpaste to effect profits. Hell I’m not sure who would even bother stealing toothpaste, it’s not exactly expensive. Saving yourself like a buck at most by not buying the cheap (just as effective) stuff.

              And I’m not advocating for theft sheesh. I just think it’s funny that the oh so wonderfully for profit insurance companies fuck over retailers too. I was trying to comment about how insurance is maybe kind of a scam…

              I’ll also note that there isn’t actually a widespread theft problem. Stores aren’t locking up toothpaste because people are stealing it more than they used to. There were a few places, notably New York which did some really stupid shit with petty crime essentially just publicly saying they weren’t gonna deal with it that caused a lot of problems but by and large toothpaste isn’t locked up because people are stealing it. The company is just a dick

              • PrettyLights@lemmy.world
                link
                fedilink
                arrow-up
                3
                arrow-down
                2
                ·
                11 months ago

                It’s not that the toothpaste itself is the high theft item, it’s just easier to lock the whole shelf rather than specific items. Notably items like Razor blades have crazy high theft rates and are usually near the toothpaste, causing them both to be locked up.

                Check out some metropolitan areas for a preview of what’s coming to a store near you. Denver has been locking stuff up for years already.

            • SCB@lemmy.world
              link
              fedilink
              arrow-up
              4
              arrow-down
              5
              ·
              11 months ago

              “I hate Amazon and Jeff Bezos! Anyway, watch me steal from this store.”

              • Lemmy users.
              • dumpsterlid@lemmy.world
                link
                fedilink
                English
                arrow-up
                2
                arrow-down
                3
                ·
                edit-2
                11 months ago

                Why wouldn’t I steal petty shit from a large chain store like Walmart? They stole living wages from workers in many communities, they stole the diversity of local businesses that used to be in many communities, most importantly they steal from every single one of us by not paying a genuinely fair share back to the society they profit off of in terms of taxes. Sorry, not gonna feel bad for stealing some toothpaste, especially when it is a store that fired all the cashiers and has one person frantically running around helping people in a sea of obnoxious self checkout machines that all blare the same audio loop out over and over and over again.

                • SCB@lemmy.world
                  link
                  fedilink
                  arrow-up
                  3
                  arrow-down
                  2
                  ·
                  11 months ago

                  Why wouldn’t I steal petty shit from a large chain store like Walmart?

                  Drives prices up for other people on your community

                  • dumpsterlid@lemmy.world
                    link
                    fedilink
                    English
                    arrow-up
                    1
                    arrow-down
                    1
                    ·
                    11 months ago

                    At first they thought at first it was greedflation, that it was the 1% siphoning off all the profits from the economy to shareholders, they thought it was massive corporations hedging families out of the housing market, austerity and lack of social safety net… but the whole time it was ME stealing toothpaste from walmart, slowly undercutting the heart of america. They didn’t realize until it was too late, I had become too powerful. I have a whole bathroom full of stolen toothpaste tubes and I am ready.

    • TempermentalAnomaly@lemmy.world
      link
      fedilink
      arrow-up
      8
      ·
      11 months ago

      That type of knee jerk conjecture is really weak. The data collected on shrinkage, as noted in the linked Reuter’s article, is noisy. You can’t differentiate lose due to theft or shipping mistakes or cliericsl error.

      More importantly, and not mentioned directly in the boingboing article, was the cited number of rising organized theft was based upon an analyst from a security firm. The report was created in partnership with that firm. With the recent redaction, there is no mention of that firm.