By Bob Walsh
Dick's Sporting Goods has had it rough lately. They got a
lot of heat by being one of the first to roll over and pee on
themselves with the assault weapons issues. Now, something else. Their
stock is dropping like a rock today, something like 22%, because when
they released their numbers it seems that they are getting beaten to
death by "shrinkage" (theft).
In
the old days a high percentage of the shrinkage was internal theft.
Now days it is virtually all "customer" theft. In many locations there
is zero or almost zero penalty for thievery as long as the amount is
kept relatively low, in many places under $750-1,000 and all you get is
the equivalent of a citation. Even if you bother to show up in court
nothing of consequence is likely to happen to the thieves.
Retail is getting to be a very rough row to hoe.
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