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Report Says Retailers May Have Exaggerated Theft Claims (www.entrepreneur.com)

submitted 2 years ago by ray@lemmy.ml to c/usa@lemmy.ml

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[–] Very_Bad_Janet@kbin.social 8 points 2 years ago (1 children)

I also suspect that they mark up the prices for goods they encourage to be stolen. I was in a Walgreens and saw some Stridex pads for $22 (they go for around $4.50 on Amazon). That way if it gets stolen they can claim huge losses.

[–] Master@lemm.ee 3 points 2 years ago* (last edited 2 years ago)

So here is the facts about this. Worked at walmart and 4 pallets of aluminum foil were never delivered. Same pallet on 3 reorders.

So management raised the price to like 5 bucks a roll when they sell for 99 cents. Ran it that way for a month then marked the lost pallets as shrinkage.