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GioDesa t1_iwxa29j wrote

Reply to comment by possums101 in Plain clothes officers at Newport path checking fare jumping by Puzzleheaded-Wonder9

Have you not heard of all these drug stores closing down due to massive shoplifting? Its happening all over NYC and its becoming a problem in some areas because people no longer have access to a drug store close by.

Also, next time you need anything that costs more than $8 and you have to spend 5 minutes wandering around looking for a store manager to unlock it from the case...you can thank shoplifters. Drug stores also raise prices to offset some of their shoplifting losses. Its not victimless. It impacts the rest of society negatively.

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RemyDWD t1_iwz0y9u wrote

> Have you not heard of all these drug stores closing down due to massive shoplifting? Its happening all over NYC and its becoming a problem in some areas because people no longer have access to a drug store close by.

About that…

> In fact, the two reported Manhattan Rite Aid closures appear to be part of a nationwide downsizing. In December, Rite Aid said it would be closing 63 stores “to reduce costs, drive improved profitability, and ensure that we have a healthy foundation to grow from, with the right stores in the right locations, for the communities we serve and for our business.” Shoplifting was not a listed rationale. Asked about the Manhattan store closures — and whether shoplifting played any role — a Rite Aid spokesperson says only that that the decisions “are based on a variety of factors that retail businesses consider such as overarching business strategy, lease and rent considerations, local business conditions and viability, and store performance.” Again, no mention of shoplifting.

https://www.curbed.com/2022/02/shoplifters-arent-why-nycs-chain-pharmacies-are-closing.html

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GioDesa t1_iwz1r9z wrote

Heres a Rite Aid article to the contrary.

Rite Aid CEO Heyward Donigan told analysts the company “experienced unexpected headwinds this quarter from front-end shrink, particularly in our New York urban stores.”

Donigan noted the company has begun “shrinking our footprint” in New York City as it proceeds with a plan to close dozens of less-profitable stores.

The company said a $5 million year-over-year increase in “shrink” – a term in the retail industry meaning losses related to theft, fraud or administrative errors – had cut into its profits*. Rite Aid’s chief retail officer Andre Persaud expanded on the point – stating* NYC-area losses from shoplifting had worsened despite the company’s efforts to improve “product protection.”

https://nypost.com/2022/09/30/rite-aid-executives-bemoan-out-of-control-nyc-shoplifting-at-stores/

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