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this post was submitted on 10 Jul 2023
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I have a friend who works at a shoppers, and she was saying even at it's height, theft is like .001% of daily sales. You'd have to steal a bunch of electronics to even make a dent.
There's a bunch of lemmings thinking "challenge accepted".
This isn't true for everything across the board however, and the number of .001% is a bit of hyperbole. The driving force behind theft is multifaceted but the biggest ones are probably a mix of resell value, time to flip, and ease of access. Most items not from grocery stores are fenced through oh say Offer Up.
I worked for a major retailer as a mix of boots on the ground and investigative loss prevention and I will say theft is far more common than people give it credit and that mostly stems from how damn easy it is. Pre-Covid theft only loss were probably about .8-1.5% depending on the location and during/after was around 2-4% these numbers are for my state only though.
Now of course this is still a drop in bucket and corporation are still horribly, horrifically greedy which is why I had to get out and now get to relax working from home. I just wanted to frame the numbers a little better since I had to live and breathe this shit for years.
Even this corporate shill website lists 'high' amounts of theft with "According to some industry data" as "an average-sized food retail store in Canada can have between $2,000 and $5,000 worth of groceries stolen per week"
So not only are those inflated numbers, that's still a tiny number. There are about 15,000-16,000 grocery stores in Canada. Even if every single one of those lost 5000 per week, that's 3,900,000,000 per year. They make over 9,000,000,000 per month - or 108,000,000,000 per year.
Even at their highest possible (and likely lying) numbers, that's 0.0361111111111111 % lost to theft.
Sure, some hyberbole, but barely. (And I worked at Costco and saw their theft numbers, and even they have laughably low ones.)