Target Finally Gets Serious About Out-Of-Control Thefts,

Source: https://www.zerohedge.com/markets/target-finally-gets-serious-about-out-control-thefts-lowers-intervention-threshold-just-50
Published: Jul 1, 2024
Author: Tyler Durden
Post Date: 2024-07-01 14:03:42 by Horse
Views: 791

Target Finally Gets Serious About Out-Of-Control Thefts, Lowers Intervention Threshold To Just $50

by Tyler Durden

A new Bloomberg report reveals that retailer Target is finally cracking down on thieves by lowering the staff intervention threshold from $100 to $50. Target management has complained on earnings calls about 'shrink' in recent quarters and surging thefts that have squeezed margins.

People familiar with the new policy say employees will soon be able to intervene and halt criminals from leaving the store with as little as $50 in stolen goods. The previous threshold was $100. They say the new policy will be enforced this summer.

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#1: Horse    To: All (#0)

Target operates nearly 2,000 stores in the US and has warned investors countless times about damaging shrink—inventory loss due to theft, damage, and other factors—which has squeezed profit margins.

In March, Target Executive Vice President Michael Fiddelke said the company lost $500 million more in shrink in 2023 than in 2022.

The company expects shrink to a peak in 2024 as it works with policymakers and various cities to address out-of-control thefts.

Progressive lawmakers in states that ignored law and order only emboldened criminals to pillage retail stores as criminal and social justice reforms backfired. California decriminalizing thefts under $950 has been one of the biggest policy failures.

Horse posted on 2024-07-01 14:04:23   Reply   Private Reply

#2: Prefrontal Vortex    To: Horse (#0)

Problem: Is it worth risking bodily injury over $50 from chimpout?

Prefrontal Vortex posted on 2024-07-02 08:56:55   Reply   Private Reply

#3: ghostrider    To: Prefrontal Vortex (#2)

Really all target needs to do is announce that all store staff is armed.

ghostrider posted on 2024-07-02 17:46:16   Reply   Private Reply

#4: BTP Holdings    To: ghostrider (#3)

all target needs to do is announce that all store staff is armed.

Ya think that might work the same way as Kennesaw, Georgia? ;)

BTP Holdings posted on 2024-07-02 18:12:55   Reply   Private Reply

#5: Esso    To: BTP Holdings, ghostrider (#4)

Ya think that might work the same way as Kennesaw, Georgia?

I think the splibs will just shoot the store staff and then steal stuff.

Esso posted on 2024-07-02 19:37:27   Reply   Private Reply

#6: ghostrider    To: Esso (#5)

Iffen the splibs are willing to chance getting shot for fiddy bucks, target could release footage from surveillance cameras of an overweight gal with pink and green hair named Misty Dawn register three capping Tyrone the thief. Stage the whole thing, the ghetto chimps will freak when walmart puts out a press release that they will follow suit.

ghostrider posted on 2024-07-02 20:32:02   Reply   Private Reply

#7: Esso    To: ghostrider (#6)

Hell, most of the soldiers in WWII didn't have the wherewithal to kill other men, you think some minimum wage chicky-poos would?

Read Lt. Col. Dave Grossman's book, On Killing: The Psychological Cost of Learning to Kill in War and Society"

The revised and updated edition of Lt. Col. Dave Grossman's modern classic about the psychology of combat, hailed by the Washington Post as "an illuminating account of how soldiers learn to kill and how they live with the experiences of having killed."

In World War II, only 15 to 20 percent of combat infantry were willing to fire their rifles. In Korea, about 50 percent. In Vietnam, the figure rose to more than 90 percent.

The good news is that most soldiers are loath to kill. But armies have developed sophisticated ways of overcoming that instinctive aversion. The psychological cost for soldiers, as evidenced by the increase in post-traumatic stress, is devastating. This landmark study brilliantly illuminates the techniques the military uses to help soldiers kill and raises vital questions about the implications of escalating violence in our society.

My training was pretty righteous. I don't have a problem with it.

(Edit) I don't lock my gates to keep myself "safe", I lock them to keep you safe from me. The FWPD insists on it.

Esso posted on 2024-07-02 20:48:44   Reply   Private Reply

#8: Esso    To: ghostrider, 4um (#6)

I don't lock my gates to keep myself "safe", I lock them to keep you safe from me.

Who knew?

(Edit) I dated a 6'0" gal a long time ago, her nane was Bambi.

Nothing makes me happier than a pair of pants that actually fits me

Esso posted on 2024-07-02 21:05:47   Reply   Private Reply

#9: Esso    To: ghostrider, Horse, 4um (#6)

This Baby Shook the Internet😳❤️

Reminds me of my ex-wife and her horseys.

(Edit) Teri clipped me for a couple million and my 'good house' after my accident in 2013 in the divorce. I was left with the joint I built in the late 70s (the storage unit).

Coming inside here strips 20 or 30 years off you. Doc loves it. I've helped so many people from this joint, it guarantees good karma. I'll die here.

Esso posted on 2024-07-02 21:53:38   Reply   Private Reply

#10: ghostrider    To: Esso (#7)

I'm saying its all hollywood, maybe even drop some jive of an unknown ultra conservative is looking to buy the company. play the clips as PSAs with signage in the background saying Become famous be seen on television shoplifters will be shot.

ghostrider posted on 2024-07-02 22:44:43   Reply   Private Reply

#11: Esso    To: ghostrider, Dakmar, Dr. Kimmy, 4um (#10)

You give my Executive Producer, Dakmar, a couple hundred million, my Medical Consultant, Kimmy, a million/yr, and we've got the most popular Teevee show ever.

My salary is negotiable, but don't even think about starting less than $20,000.

Esso posted on 2024-07-02 22:58:12   Reply   Private Reply

#12: ghostrider    To: Esso (#11)

Okay but you gotta do your own stunts, none of that green screen crap, nothing cheesy.

ghostrider posted on 2024-07-02 23:03:09   Reply   Private Reply

#13: Esso    To: ghostrider (#12)

Okay but you gotta do your own stunts, none of that green screen crap, nothing cheesy.

You better have the cameras here tomorrow. My arborists are supposed to be here to take all my money.

Esso posted on 2024-07-02 23:13:42   Reply   Private Reply

#14: ghostrider    To: Esso (#13)

It was all I could do to get the toro 20199 through the sixty inch straw grass. That stuff is salt and drought tolerant real pain and toro doesn't make a bailing attachment for that model.

ghostrider posted on 2024-07-03 13:35:52   Reply   Private Reply