Your Source for Product Industry Insights

The thieves “come every day,” an employee of an Old Navy textile firm store located in downtown San Francisco said last May in statements to CBS . “I am able to recognize them,” he asserted. Sometimes thieves fill two or three bags with clothing valued at up to $2,000, the employee stressed. Unfortunately, and plagued by theft, this Old.

Navy store in downtown San

Francisco had to close its doors at the industry email list beginning of last June. Brian Cornell , CEO of the Target department store chain, assures that incidents involving acts and attempted violence in his stores have jumped 120% during the first half of the year. Nordstrom, another department store chain (this time focused on luxury), talks about record “losses.”

In general terms the retail

Industry estimates that theft is translating into annual losses America Phone Number valued at $100 billion. Retailers’ accounts are bleeding as a result of the increase in thefts Some critics, however, accuse large corporations of exaggerating the problem . And the former chief financial officer of the Walgreens drugstore chain, James Kehoe, admits that in the last year the retailer has indeed complained in a perhaps exaggerated way about the thefts that have occurred in its domains.

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