U.S. retailers admit they lied about shoplifting, retail crime again

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U.S. retailers admit they lied about shoplifting, again | Boing Boing
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You mean that Target wasn't closing stores because of theft after all?! I'm shocked.

I’ll give Target a bit of lee at here because they were only there first to admit they were wrong, they also shared a bunch of data about how their shrink calculation methodology, which much of the retail sector shares, is flawed.

I have worked for target. Their logistics methodology is incredibly on point. They are highly invested in getting things right, if no other reason, for the sake of their own profitability.So as there are being open, they have some credibility here, I would say, especially given that others here are so closed. This interest certainly serves their profit motive as much as it services our our motive.  There is, at least, for now, no reason to distress them.

Let's practice this together, folks. "Corporations never put their employees or customers ahead of profits."

If you believed them at their word, you'd be wrong.

Target: logistics methodology....

laughs in Canadian

No they don't.

Canadian logistics sucks in general because Canada is one of the worst places, in terms of how population is scattered, to deliver any goods to.

As a result, Canadian drivers often get US transport authority so they can make more money, but American drivers will rarely get Canadian authority.

No, not really. 2/3rds of the population lives along the Great Lakes and the St Lawrence River. The only out of the way centers are Calgary, Edmonton and Vancouver. But goods coming from Asia are going through those anyways.

Target executives were explicitly told by HBC executives that their logistics weren't up to par, before the company moved up here.
I have friends who worked for Target here who described their logistics as a bad joke. And they work for the government now in logistics.

I worked in logistics for years and ran a decent amount of international (both from ports and into Canada). I'm commenting about why Canadian logistics, not Target specifically, is tougher than it otherwise would be

I'll take your word on things regarding Target specifically for sure, because it isn't my forte. Looking at your post, the Canadian gov probably knew their infrastructure wasn't up to the different challenge from the jump.

HBC is Hudson's Bay Company. Not the government.

Target has for the last 15 years or so owned a controlling share of the company hence the high degree of cooperation.

Ahhh makes sense. Also makes sense how they'd understand the realities of logistics there to a much greater degree than Target. Here's hoping their influence helps.

Oh it didn't because it was ignored. Target's expansion into Canada failed roughly 8 months after they launched, mainly on a complete logistical failure and that they tried to charge us more than the exchange rate suggested.

A couple of regions aren't enough to make it worthwhile, at least according to an article I read recently.

From the link:

  1. Economies of scale. Canada has a population of 39 million spread across a very large geographic area. Compared to other G-7 countries, retailers don’t benefit from economies of scale in Canada unless they operate across the entire country. A regional operator in the northeast U.S., for example, has a potential market of more than 125 million, while a regional operator in Canada is lucky to have a potential market of 15 million.

Probably doesn't help though

Theft clearly doesn't affect their overall profits considering how many chains have had record profits.

Looking at you Walmart

Of course it affects it.

Not meaningfully

Depends where you set the bar. Does it make it more likely that certain locations are closed? Probably.

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