The Hidden Culprits Behind Retailers' Profit Loss: Internal Issues
Originally Published 2 years ago — by CNBC
Retailers blaming organized theft for lower profits may be using it as a cover-up for internal flaws and self-inflicted problems, according to sources. While major companies publicly blame external theft for their financial losses, retailers are also facing issues such as theft by their own employees and losses from self-checkout theft. Some experts believe that retailers like Target and Foot Locker may be using retail crime as an excuse for overall poor performance. The rise of internal theft and the use of self-checkout machines have contributed to increased shrink, but it is difficult to determine the exact impact of theft versus internal issues.