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
Victimless crime? My goodness. Let's start at the top of Walgreens and trickle down to every staff member. Let's talk about the community that have directly lost these products and arguably could lose the store. What about the insurer?
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Replying to @BrantHancock @ericsugar and
Walgreens made 28 billion dollars in profit in 2020. Staff members would be praised for acting correctly in their situation. The community haven't lost these products, this bloke is obviously going to sell them. Don't care about insurance profits.
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Replying to @Regretfullyyou2 @ericsugar and
28 billion my a. Point is- more stolen goods, less profit, less money, less raises/bonuses/jobs to go around. Community getting these items? Your opinion. Everyone, including you, is gonna get the insurance back to their threshold. You don't care if you pay higher rates?
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Replying to @BrantHancock @ericsugar and
Right so I'm not engaging anymore because I posted a fact, and you discarded it without researching, because your a. Seems your not willing to actually listen to anything. https://www.statista.com/statistics/269557/gross-profit-and-net-earnings-of-walgreens-in-the-us-since-2005/ … 1 person with a bike and a bin bag isn't going to bring this to its knees. Grow up.
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According to your source, they made 424 million. The billion number you use is the gross number before expenses like wages, taxes, overhead, marketing and other operating expense like uh, shrinkage, etc.
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