Target Expects to Lose $1 Billion Due to “Shrink” This Year

May 18th, 2023

Via: CNBC:

Target said Wednesday that organized retail crime will fuel $500 million more in stolen and lost merchandise this year compared with a year ago.

Target’s inventory loss, called shrink, totaled about $763 million last fiscal year, based on calculations from the company’s financial filings. With the anticipated increase, shrink this year would surpass $1 billion.

Posted in Collapse, Economy | Top Of Page

2 Responses to “Target Expects to Lose $1 Billion Due to “Shrink” This Year”

  1. Dennis says:
    May 18, 2023 at 11:23 am

    This might also cause them some profit losses à la Bud Light:

    https://www.newsweek.com/target-pride-month-range-lgbtq-boycott-calls-bud-light-1799941

  2. Snowman says:
    May 19, 2023 at 9:54 am

    I heard someone say that claims of heavy shoplifting are being used to justify the expansion of facial recognition tech in retail stores.

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