I’ve been reading and hearing about how this has impacted such companies as Walmart, Target, Best Buy, Home Depot, etc., as well as many smaller companies and businesses as well.
Walmart CEO Dough McMillon reports that retail theft is rising at the chain’s U.S. stores The retailer may be forced to hike prices or close stores if the problem isn’t brought under control Other retailers – notably Target, as well as Home Depot, Best Buy and Rite Aid – have reported soaring retail thefts
“For every $330 worth of products stolen, a retailer has to sell an incremental $300,000 worth of goods to break even,” said Burt Flickinger, managing director of retail consultancy Strategic Resource Group. “We’ve talked to retailers across America who say shoplifting is now 2% to 3% of their total sales. That’s up from 0.7 to 1% pre-pandemic.”
It’s basically has become an easy way for many Americans now to make a living! Today’s criminal element clearly has a friend in today’s Democrat Party who do nothing but provide excuses for such activity. The typical argument is that these people don’t have jobs and hence cannot provide for their families in any other way. The hypocrisy is that out of the other side of their mouth they talk about how we need essentially unlimited and unrestricted immigration to deal with our labor shortage!!! One of the great ironies contributing to this is how mask wearing has actually benefitted the criminal element more so than anyone else!
Although organized shoplifting sprees were on the rise even before the pandemic, Lowe said that post-Covid lifestyle adjustments have made it easier for offenders to get away with the crime.
“Think about mask wearing. Pre-pandemic, would we have ever thought about everyone in a liquor store wearing a mask covering half of their face and allowing them to remain anonymous?” said Lowe.
Clearly this isn’t going away anytime soon. The criminal element in America is growing and emboldened. Heck theft pays and there are no consequences. The question becomes to what measures businesses will take and what will be the consequences to communities and consumers?