Theft causes several stores to operate in the red and close their doors. Even large retailers like Walmart close stores because of it and that causes 100’s of community job loss and makes goods difficult to get for folks in that community that either walk, bike or bus to stores.
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I’ve been in that business for 20+ years. Your assumption is not accurate.
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Very successful stores turn ~8% EBITDA. Warehousing, Corporate salaries, taxes, healthcare, pension funding, marketing and many other expenses still have to come out of that number. Truth is the average EBITDA is even lower than 8%.
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I don’t work for Walmart at all. I’ve been in the industry for other retailers. Know tons of people who love their jobs and make tons of money. Many/most of whom started entry level. I’m also not bitter, just not a fan of people preaching that misconception.
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I also only argued that you said basically that retail isn’t a career and all that. It’s just not true and actually pretty insulting to a lot of people that you seem to be defending
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Certainly not for everyone and I’m glad you’re happy doing whatever you do now. Personally, I loved 80% of my time in stores, 10% neutral and 10% wanted to take a long walk off a short pier. But it provides a great life for my family and that’s what it’s all about for me.
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