Major Grocery Chain Struggles To Survive Amid Wave Of Thefts, by Tyler Durden

Theft up tenfold in five years, violence up “exponentially.” That makes it hard to operate a profitable grocery store chain. From Tyler Durden at zerohedge.com:

A grocery chain which operates primary on the East Coast says it’s taking measures to stay in business amid rampant retail theft and crime across the US.

Giant Food, which operates over 160 locations across DC, Delaware, Maryland and Virginia, has begun restricting entry and exit points, beefing up store security (some armed), displaying fewer high-dollar items on shelves, and reducing the number of self-checkout items, company CEO Ira Kress told the Washington Post.

Ira Kress, president of Giant Food, says his company has taken some actions in an attempt to deter shoplifting. (Jahi Chikwendiu/The Washington Post)

According to Kress, retail theft has increased “tenfold in the last five years,” which is not “an understatement,” while violence has “increased exponentially.”

“The last thing I want to do is close stores,” Kress continued. “But I’ve got to be able to run them safely and profitably.”

According to Kress, the nature of shoplifting has changed such that more and more retailers are simply allowing it – like Lulu Lemon, which recently fired two employees for calling the police on repeat looters.

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2 responses to “Major Grocery Chain Struggles To Survive Amid Wave Of Thefts, by Tyler Durden

  1. Historic Flatulence Czar's avatar Historic Flatulence Czar

    The Sack-N-Save has lowered some prices and drinks are on special.
    Lubrication by any means necessary.
    Evening has Metro PD standing at the front and the Hunger Games gates are in place.
    LQ or liquor section is right by the order online and pick up at the side door with cameras everywhere, I’m sure that someone has tried to bolt out with some product at that entrance

  2. act that way and then bemoan ‘food deserts’ is the plan. when i hear ‘food desert’, or ‘drug store desert’, the only words that come to me are ‘there’s a price for stupid’.

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