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“Organized retail crime costs retailers an average of $719,548 per $1 billion in sales” Seems like a lot of work for 0.07%
by fakename 5y ago
“Organized retail crime costs retailers an average of $719,548 per $1 billion in sales”
Seems like a lot of work for 0.07%
- crazygringo 5y agoThat's because you're calculating the percentage wrong. The relevant percentage isn't against sales but against profits. Home Depot has a profit margin of around 10%, so it would be $719,548 against $100M in profit, or 0.7%. If you can increase profits by nearly a full percentage point that's huge. That's how companies grow, after all -- a percent here, a percent there, and all these little things are what make the stock price grow. Sure it's a "lot of work". That's what companies do. If it were easy we'd all be billionaires.
- CountDrewku 5y agoSo you're claiming they just like upsetting customers and spending money to stop theft for the hell of it? I suppose we should trust some rando on hackernews over the people running the business. Yeah.... hmmmmm