According to a new exposé by CNBC, major U.S. retailers may be attempting to cover up their own internal issues by shifting the blame for losses onto shoplifters and purported organized theft rings.
However, experts allege that much of retailers’ losses stem from internal employee theft and from other problems preventable by the companies.
“It is a problem, we know that, it does take money off margins, we know that, but there’s too much opacity in the way in which it’s reported and it is being partly used as an excuse for generally bad performance,” said retail analyst Neil Saunders.
Perhaps it’s time for retailers to address losses at their roots and stop blaming their dismal bottom lines on sticky fingers at the checkout line.
