There have been lots of stores that claim to close locations due to looting when it’s the not the case. There is a lot of opportunistic bs happening with stores these days from price gouging to straight up shutting down certain areas for things like unionizing
We wouldn’t have retail theft if the 1% paid their taxes and shared the wealth they stole from everyone else.
In my local community I have noticed a strong uptick, talking to store staff. But with wage insecurity and high food prices, “steal or watch your kid starve” isn’t really a decision. And yes, higher ticket items are being stolen, which some people are pointing at like there’s a difference: if the punishment is the same, why not steal the prime rib?
It’s just that the supply chain excuse for jacking up prices is going away, so they need another BS excuse.
Shouldn’t the free market compensate by hiring more security guards and loss prevention officers?
Nah, margins are already thin on retail stores. If you cant profit or even break even, whats the point?
It’s simply a cost of doing business.
If that business owner can’t figure out how to run their company someone else will.
That’s exactly what’s happening. They close up shop, and someone else can take the location.