You mean that Target wasn’t closing stores because of theft after all?! I’m shocked.
That was just the coverup so they didn’t get backlash from laying everyone off after another round of C-Suite bonuses.
They probably closed the stores trying to unionize.
You don’t understand what it’s like for them. They don’t like sacking people for bonuses but they just can’t come up with any other ways to increase profit. What are they supposed to do? Get creative? Build a strong respectful work culture? Not take a bonus? You see. It’s not as easy as you think. Timmy can miss out on his toy train this Christmas. Besides, it’s just business
Timmy doesn’t need an entire full sized private “toy” train. Just get him some Lego ;)
When little Timmy got a train
"twas put beneath a tree
Christmas day had fin’lly come,
Such fun for all to seeThe poor were done, they knew no fun All stolen by some jerk(s)
Their patience done, their time had come
And quickly went to workTimmy’s dad had been quite bad
He stole, and cheated and lied
When they burned the system down,
Little Timmy fucking died.Added context: “Little Timmy” is 35, has a cushy VP job in his dad’s company, and is lined up to be the next ceo. It was his suggestion to cut 50,000 jobs so he could collect a finders fee for “finding” unnecessary expenses.
This is the content I miss from Reddit
I’ll give Target a bit of lee at here because they were only there first to admit they were wrong, they also shared a bunch of data about how their shrink calculation methodology, which much of the retail sector shares, is flawed.
I have worked for target. Their logistics methodology is incredibly on point. They are highly invested in getting things right, if no other reason, for the sake of their own profitability.So as there are being open, they have some credibility here, I would say, especially given that others here are so closed. This interest certainly serves their profit motive as much as it services our our motive.  There is, at least, for now, no reason to distress them.
Target: logistics methodology…
laughs in Canadian
No they don’t.
laughs in Canadian
eh eh eh
Canadian vampire counting
Probably doesn’t help though
Theft clearly doesn’t affect their overall profits considering how many chains have had record profits.
Looking at you Walmart
Of course it affects it.
Not meaningfully
Depends where you set the bar. Does it make it more likely that certain locations are closed? Probably.
Yeah but they’re only closing because they’re not bringing in maximum profits.
They’re still making profits they’re just butthurt they’re not making more and that was my original point.
If you can lose $3b in theft and still make record billions then no, theft does not affect you at all.
With all that said though if the store is legitimately being robbed to the point of affecting profits that much then yeah go ahead and close. But the companies that claim theft as the reason for closing stores are bullshitting you.
If you can lose $3b in theft and still make record billions then no, theft does not affect you at all.
But it does. You are using “at all” wrong lol.
Let me guess. The stores they closed tried to unionize, so they made up some shit about shoplifting.
This, with a generous side of pushing right wing narratives about urban crime panic because they think it will help Republicans win.
And yet this was all done by the “national Retain Federation”.
Literally complain, yell, cry, and fire people because of unions and yet they are in a corporate Union themselves.
Unions work.
I’m not going to trust “boingboing.net”, but that’s just me
Boing boing .net has been a reputable site for years. I think it started as a blog for author and journalist Cory Doctorow, but has become a news site of its own. The recent term enshittification was coined by Doctorow.
You may be right but when I read headlines like this: A woman took her gun to an MRI appointment. It shot her in the ass.
it makes it hard to take boingboing seriously.
It’s an actual story though.
Thats happens fairly often because people are stupid as fuck.
Another source butt shot lady:
https://www.msn.com/en-us/health/medical/woman-shot-in-butt-after-sliding-into-mri-machine-with-loaded-firearm/ar-AA1laLztSome guy even died earlier this year:
https://www.telegraph.co.uk/world-news/2023/02/10/pro-gun-lawyer-shot-gun-mri-scanner-dies/A pro-gun lawyer was shot by his own weapon while visiting a hospital when a powerful magnetic field from an MRI scanner set the pistol off.
Leandro Mathias de Novaes was taking his mother for a scan at the Laboratorio Cura in Sao Paulo in January and entered the facility with a concealed handgun.
Despite warnings from staff to remove jewellery and metal objects in the MRI room, Mr Mathias kept his weapon on his waistband.
The magnetic field from the machine was so strong that the weapon was pulled from his waist and fired off a round, which hit him in his stomach.
The 40-year-old Brazilian was treated in hospital for more than two weeks before he died from his wounds.
Don’t fuck around with MRIs. Magnets don’t care.
When you go into an MRI room you hear this weird but very distinct sound from the liquid helium pumps keeping the giant superconducting magnets near absolute zero.
Then when it runs, the vibrations from the current being pushed through the gradient coils is significant enough that you need hearing protection.
It’s serious business in there. But it lets us see inside our bodies without incisions or ionizing radiation, so it’s also awesome. But jeez some people and their guns.
I’ve had two and recall an eerie feeling but the only noise I remember was some clanking. Maybe my mind is just shot. Is the noise you are referring to just when they are first starting things up?
The pump sound is always there and never changes. However, maybe you don’t hear it in some facilities with different layouts. I’ve used r facilities and always heard it.
For the loud noises from the vibration, that happens while they’re actually doing the scans. Different portions of the scan create distinct sounds, though I don’t know which sound goes to which measurements. There’s gotta be a YouTube video about it.
The sounds have a harsh buzz to their tone, like somebody is playing sound effects through a Tesla coil.
I’ve told people that getting an MRI, particularly one where you need to go head-first into the tube, can feel like an alien abduction!
Holy shit, boingboing.net?
That’s a site I haven’t heard of in a long time.
It was one of the first websites I remember regularly visiting in the 90s, and looks like they haven’t changed much since.
That’s cool.
If it ain’t broken, don’t fix it.
Been hanging in there, all the way from when they were in print in the late 80’s. https://i.imgur.com/4yMYB1u.png
I don’t know why they post the boingboing piece when it links to a much better Reuter’s article.
The only meaningful theft, by the numbers, is wage theft.
ITT: People who haven’t been on the internet long enough to know what BoingBoing is.
I’m old.
If you know what BoingBoing is, your knees probably crackle when you squat and stand.
Yup. I also groan when I sit down. You just had to call me out, didn’t you?
At least a decade old and still has a better reading experience than that “paid” news sites.
It really went downhill when Doctorow left
I wonder how Slashdot is doing…
Looks like it’s still going strong, but each article has like 15 comments. And the poll has a CowboyNeal option…
3 digit UID here, I still visit daily but rarely comment
I doubt I could log in now, since I haven’t for so long
Edit to add: nope. Browser doesn’t know, password manager doesn’t have it, and it’s not tied to the oldest email address I still use :(
I have a 5 digit UID, and I just checked that I can still log in. Looks like my most recent comment was in November of 2015, which is a lot later than I would have guessed.
I visited a few times right after the reddit blowup, while checking out other options for this sort of thing. I might have to go back more.
Oh wow, forgot about Slashdot…
Fark, Slashdot, and BoingBoing were pretty much my daily go-to in the pre-Digg/reddit internet
I skipped the Digg era. I didn’t join reddit until probably 2015, after I kept coming across extremely useful information there that wasn’t available elsewhere. I think it was the advice on what to do with asbestos that finally tipped it over for me.
I was an early reddit adopter. I preferred its hyper minimalist style, as well as the type of conversations I saw, to Digg at the time. Well before the whole Digg 2.0 debacle.
I’m tired, boss.
I remember getting something I did linked to on BoingBoing back in the day and I felt like I was famous for a little while.
It’s one of those new upstart weblogs right
Yeah I think i was visiting Boing Boing on the regular a couple decades ago or nearly so.
I was just thinking about 1up the other day
They’re all insured for these kinds of losses anyway (I used to work in big box retail operations).
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And that’s a totally simplistic view of what I said. Overall, big box does well to keep theft down as to avoid paying. It’s all a big game.
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Insurance isn’t going to cost less than what they’re losing. It just smooths out the losses and avoids any surprises.
They’re self insured for this… and it’s priced into the products they sell.
What do you suppose “self insured” means?
Don’t get me wrong, I’m all for sticking it to big corporations, but we could just be honest about what we’re saying: I don’t care if shoplifting costs retailers money.
You’re 100% right on the second point, though, they anticipate some amount of shrinkage when setting prices.
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they’re not paying premiums. there is no “insurance policy” to pay premiums. when a company self insures itself, what that means, is, they keep some capital on hand (or readily availible,) so that they can weather a problem.
because they price the loss into the merchandise they sell, if they expect x% of the pallet to be stolen, and the reality is a bit higher, they dip into that fund to buy the next pallet, which, they then price at y% loss, and a bit more to compensate for the extra they lost on the first pallet. Maybe this time it was a bit low. so they go back to x% on the third.
the costs are passed directly onto consumers with no insurance company meddling. because that would just be inefficient. they might have a clause in a policy against mass-loss if, for example, the entire store gets looted in a mass-theft or if the store somehow goes up in smoke or hit with a hurricane. but as a matter of normal operations, they’re not claiming insurance on every bit of lost product regardless the reason.
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it’s a bit more insidious this way. The insurance company would demand some pretty common sense resolutions, like putting valuable things (PS5’s, laptops, Ipads, cell phones, etc) In lockup and not on the sales floor. Sure, they could pass the cost of these changes on to the customers, but, like, the jewelry counter and those glass cabinets they keep things in… smash and grab central.
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This turning out to be true is unsurprising, but if it were, follow it to its logical conclusion and you would see large retailers lobbying the government to increase wages. Like, we live in a fucking police state, the problem is not that we’re suddenly an outlaw country, the problem is that people don’t make enough money or have enough safety nets to live. It’s the same with all of the “Americans feel bad about the economy even though the dow is up, why?” Well, because we can’t afford housing and groceries. Simple fucking problem.
I was looking at Bidens approval rating compared to other presidents on 538 and it’s crazy seeing the last time this really was so bad, aside from Trump, was the Great Depression…which says alot about the disconnect today spouting Dow successes but normal people struggling to stay afloat.
Those stock indexes only show how the top corporations are doing. A company gets removed from the index if it performs poorly and is replaced by another company that has increasing stock price. The markets as it is displayed in media only show how corporations are doing. So basically the ruling class is selling economic performance to everyone else to keep people in line and their heads securely on their bodies.
Don’t worry, people will completely ignore the retraction and continue to blame their fellow poor people (just not themselves) for the outrageous behavior of our corporations.
Kind of like how any game developer who says that piracy is the reason that they failed financially, even though some of the greatest games of all time are the ones that get pirated the most.
Does this qualify as a news article?
It’s a parody website, I’m a bit surprised it isn’t marked as such as people seem to think otherwiseGoing to leave my comment but I am thoroughly impressed that this is not a parody.
Thank you for the link! I am so used to seeing headlines like this that read like a joke. I stand very corrected
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They are talking about organized retail theft. Individuals stealing still could make up a large amount of loss. Article doesn’t seem clear to me on that point.
Stores have insurance to protect them against theft.
Having insurance isn’t a free money glitch. Insurance companies wouldn’t be able to operate if the insurance didn’t cost more than the claim payouts.
And the more they use the coverage, the more it costs.
Have you ever filed claims against your home or auto insurance? Even when it was fully in policy and not your fault, your rates likely spiked.
Wait are you telling me insurance is a scam because if you ever need to use it it’ll cost more money? That’s crazy dude, I feel so awful for the massive multimillion dollar companies that are forced to pay for it…
Enjoy paying higher prices for everything and having to track down every time you want to purchase an item when they lock all the shelves.
Not sure where you live but it’s getting really old seeing toothpaste and basic necessities getting locked up like video games in the 90s.
I mean as you yourself noted they are already locking up stupid shit like toothpaste. Nobody is fuckn stealing enough toothpaste to effect profits. Hell I’m not sure who would even bother stealing toothpaste, it’s not exactly expensive. Saving yourself like a buck at most by not buying the cheap (just as effective) stuff.
And I’m not advocating for theft sheesh. I just think it’s funny that the oh so wonderfully for profit insurance companies fuck over retailers too. I was trying to comment about how insurance is maybe kind of a scam…
I’ll also note that there isn’t actually a widespread theft problem. Stores aren’t locking up toothpaste because people are stealing it more than they used to. There were a few places, notably New York which did some really stupid shit with petty crime essentially just publicly saying they weren’t gonna deal with it that caused a lot of problems but by and large toothpaste isn’t locked up because people are stealing it. The company is just a dick
It’s not that the toothpaste itself is the high theft item, it’s just easier to lock the whole shelf rather than specific items. Notably items like Razor blades have crazy high theft rates and are usually near the toothpaste, causing them both to be locked up.
Check out some metropolitan areas for a preview of what’s coming to a store near you. Denver has been locking stuff up for years already.
And the more they use the coverage, the more it costs.
Oh no! Anyway…
Costs running high means something isn’t as profitable. Meaning they might close a store.
That type of knee jerk conjecture is really weak. The data collected on shrinkage, as noted in the linked Reuter’s article, is noisy. You can’t differentiate lose due to theft or shipping mistakes or cliericsl error.
More importantly, and not mentioned directly in the boingboing article, was the cited number of rising organized theft was based upon an analyst from a security firm. The report was created in partnership with that firm. With the recent redaction, there is no mention of that firm.
