this post was submitted on 22 Dec 2023
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United States | News & Politics
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At least this article calls out that the stores kept open also are busier, so the higher potential for theft has less impact on profitability.
Nobody closes a profitable location solely over theft. The only closures that shoplifting is driving are ones at stores that were already underperforming. If increasing theft drives a store into the red, that’s a sensible closure, but profitability is the real driver, not theft.