U.S. retailers admit they lied about shoplifting, again | Boing Boing
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The circle of life. Stores fail for complex reasons → retailer quietly posts accurate analysis of its own mistakes → retailer loudly posts press release blaming shoplifters and gangs → media likes …
  • wahming@monyet.ccEnglish
    161·
    9 months ago

    Insurance isn’t going to cost less than what they’re losing. It just smooths out the losses and avoids any surprises.

    • FuglyDuck@lemmy.worldEnglish
      112·
      9 months ago

      They’re self insured for this… and it’s priced into the products they sell.

      • indepndnt@lemmy.world
        42·
        9 months ago

        What do you suppose “self insured” means?

        Don’t get me wrong, I’m all for sticking it to big corporations, but we could just be honest about what we’re saying: I don’t care if shoplifting costs retailers money.

        You’re 100% right on the second point, though, they anticipate some amount of shrinkage when setting prices.