Target may have solved one of retail's biggest problems: Theft
On a call with reporters, Its CFO and COO Michael Fiddelke told Yahoo Finance the company has hit a plateau when it comes to shrink, including retail theft. "[Inventory shrink] was one of the tailwinds to profit in the quarter, and as we stepped into the year, our aim was to have shrink plateau, and so to improve from the deterioration we've seen over the last couple of years, two quarters in — we're achieving that and then some," Fiddelke said./ Shrink can be the result of theft, damage, or poor record keeping, among other factors. In its ...
Click
To Read Full Article