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U.S. retailers admit they lied about shoplifting, retail crime again
(boingboing.net)
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this post was submitted on 08 Dec 2023
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Stores like target will charge whatever they can, do you think target is saying well we could charge more but we won't to be nice but now that shit is getting stolen we're going to increases prices to make up for it.
I don't think it's unreasonable to say that prices are at least partially a result of the cost of doing business.
What's part of the cost of doing business? Theft. Estimated shrink rates are factored into profit forecasting.
It's factored into profits but that doesn't mean it's going to change the price. The reason cost is a factor is because competitors can't charge lower than what it costs for the product. But when you have online as a competitor then things like cost of stolen items have less of an impact because you need to compete with them or other chains who have figured out how to prevent theft at a cheaper cost than you.