One of two things are going to happen. Either Walgreens will raise prices to offset the cost of the losses which will directly impact low income customers. Or Walgreens will close that store making more difficult for older customers to get their medications
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Replying to @ericsugar @bizmarkiedesade and
Eric you big chap, I work in loss prevention (in the UK) and let me tell me your completely wrong. Walgreens already include estimated shrinkage in their pricing, so your first option is already happening. Secondly, this store is in a prime location. Don't be silly it won't close
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Replying to @Regretfullyyou2 @ericsugar and
If shrinkage increases, the amount they have set aside for shrinkage decreases. It still impacts profit. If their prices get too high, it doesn't matter where you're located, you will be moving.
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Replying to @BrantHancock @ericsugar and
Obviously, but they account for things like this in their profit. This is not a lot of money being stolen. Genuinely think about how much product moves through that Walgreens, this isn't even 1% of their days sales
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Replying to @Regretfullyyou2 @ericsugar and
I would bet the bank, that this surpassed one day's shrinkage amount. And I would bet the bank, that it was more than 1% of their sales. The only thing I know for sure, no store would see this and turn a blind eye, shrug shoulders etc.
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Replying to @BrantHancock @ericsugar and
Then you would lose "the bank". Twice. People steal van and lorrys loads of product all the time. The only thing I know for sure is the store would report this to their insurance and the police, and move on knowing they have lost nothing.
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Replying to @Regretfullyyou2 @ericsugar and
Can't lose bank twice. We all know your opinion. That was mine. Let's see where we disagree. What do you think the thug took? Like what items? How much and estimated costs? Lastly, how much do you think this store makes per day, from their floor sales?
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Replying to @BrantHancock @ericsugar and
Sure. 1/2 Firstly thug refers to a violent criminal. This was a victimless crime, so not really thuggery. It looks to me like he's taking medicines and cosmetic products. Average markup for cosmetic products is often near 100% in my experience, used to work with p+g.
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Replying to @Regretfullyyou2 @ericsugar and
What about criminals who would see this and repeat his actions or commit worse crimes? What about their victims? Easy to think "no one is impacted", but dig deeper. We're talking about floor sales, not markups and margins. So how much was taken and how much does floor bring in?
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Replying to @BrantHancock @ericsugar and
they will use opportunity cost to measure the value of what was stolen. As I said before, how am I meant to put a value on what was stolen. Let's say under 500 bucks, for the sake of argument. That is fuck all for this store, and might help a desperate person out.
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Dude had a nice bike, could've delivered pizzas, could've rode to the library and learned something. He had nice shoes, nice clothes, clearly he values more than just surviving. 1000 in shrinkage per day is what another store was averaging when they closed their doors.
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