Stores expanded too much and then got hit by the pandemic, a tight labor market, and changes in buying patterns. Those sort of things have a lot larger impact on their profitability than whether shrink was 1.6% or 1.4%.
If they admit they overreached, it will hurt stock prices and their bonuses.
So they blame crime, knowing a significant amount of the population will go along with it because it’s victim blaming and psychologically that makes people think it can’t ever effect themselves.
I dont know why else people would take Walmart PR as gospel
Because Stores say shoplifting is a national crisis. The numbers don’t back it up. The surge in theft is mostly just made up, and what isn’t made up is kind of an irrelevantly small number.
Stores expanded too much and then got hit by the pandemic, a tight labor market, and changes in buying patterns. Those sort of things have a lot larger impact on their profitability than whether shrink was 1.6% or 1.4%.
It’s capitalism…
If they admit they overreached, it will hurt stock prices and their bonuses.
So they blame crime, knowing a significant amount of the population will go along with it because it’s victim blaming and psychologically that makes people think it can’t ever effect themselves.
I dont know why else people would take Walmart PR as gospel