Popular Information analyzed publicly available crime data for the stores Target is closing in New York and San Francisco. This data reveals that stores that are being closed have lower levels of theft than nearby stores that have remained open. An analysis of the stores Target is shuttering in the Seattle area follows a similar...
So the article went into Shrinkage but it didn’t go into the shrinkage data for the stores in question (probably doesn’t exist publicly) nor did it go into any other information on the shops relative sizing or anything else even though it mentioned they were likely smaller than the ones that didn’t close… What an annoying article it’s almost as bad as believing the original target statement at face value.
I mean I literally mentioned that in my comment? It’s not necessarily about the shrinkage but it’s about where the shrinkage is located that could be a problem since we don’t have that data as it’s not published you cannot make that statement that it hasn’t impacted them and the lack of adequate comparison of size of the locations to other locations in the area doesn’t really make sense.
The Seattle Times noted that the stores that are closing “are relatively new, opening in 2019 as part of a push by Target to shore up its bottom line by opening smaller, more profitable stores in urban areas.”
They don’t tell you how much smaller they are relatively so you can’t get an estimate of how much more the thefts would impact them even though they tell you as such. E.g. they say the Northgate store has 172 thefts reported but how much bigger was it? If it’s 2 times bigger then it’s about the same amount of thefts as University Districts (87 thefts) and what not?
As well as the fact that they don’t give you an estimation of the profit margins of the actual stores (This means that an average of $1.57 in inventory was lost for every $100 in sales) but how much does this 1.57 effect the profit margins of the store? (Net profit margin being 3% so a shop having doubled theft in shrinkage compared with profit would halve the stores profit 3 times or more would likely make the store unprofitable).
The shrinkage can be higher or lower depending on store and location one can have like 0.10c of shrinkage and another $3.00 it’s not a constant that was the point of my statement and the shrinkage measurement being used is the aggregate shrinkage across all businesses not even just target itself.
I would agree that was the case however they don’t appear to have actually asked Target for further clarification given that they didn’t say they got no response which would have placed the ball firmly in Targets court. However they have decided to only make the statement based on the facts of the matter which they currently have readily available to them and not try and attain other relevant facts to this case.
Friends of all sizes ( lemmy.world )
Warning: terrifying halloween costume ( startrek.website )
Octopillow. ( lemmy.world )
Now as a squid, I can’t endorse this sort of behavior, but I recognize that the needs of the community for cuteness outweigh my personal issues.
Retailer Target says it's closing 9 stores due to theft. The crime data tells a different story. ( web.archive.org )
Popular Information analyzed publicly available crime data for the stores Target is closing in New York and San Francisco. This data reveals that stores that are being closed have lower levels of theft than nearby stores that have remained open. An analysis of the stores Target is shuttering in the Seattle area follows a similar...
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