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Report Says Retailers May Have Exaggerated Theft Claims
(www.entrepreneur.com)
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this post was submitted on 10 Nov 2023
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United States | News & Politics
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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.
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.
how long ago was this, the system doesn't let store level raise prices higher than HO, they can only lower, so if they did something like this in the last at least 7 years it was initiated at home office level lol