Hmm, how does that track with their annual profits over that last year?
this post was submitted on 28 Aug 2023
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Cuntdown's profits were actually down, citing inflationary pressures etc, despite an increase in turnover. Pak n Save may be in a similar situation.
I mean, cuntdown still found the money for a $400,000,000 rebranding... Were their profits down by $400,000,000 or are they spending hundreds of millions on a vanity exercise with a side benefit of good PR?
Also, reminder that they all made record profits over the pandemic and "slightly less than the most ever but still well above traditional levels" isn't a fair amount of profit for them to make.
It warmed my heart to read that.
“We know many offenders are targeting premium cuts of meat, health and beauty products and alcohol and we know the biggest problem is repeat offending,” he said.
I know some people are struggling, but someone doing this is likely doing it to resell the items. It's not like they're stealing bread.
Oh there's always a mix of reasons. Nothing is 100% but an increase in crimes is usually nearly correlated with financial hardship.
Plenty will be stealing to fund vices. That doesn't change.
Premium cuts maybe but in my experience, meat is honestly one of the first things you steal if you're poor and hungry.
Eating nothing but rice, ramen, flour/water, and $1 bread all the time makes you tired and anaemic, and it just sort of feels like stealing some mince or a steak is going to fix that.
Meat products are also reasonably easy to conceal, too.
Yep. Must be a lot harder these days with all the cameras but still, they tend to be located in an area where shoppers do a lot of bending over and rummaging.
Why steal bread, and everything else for a sandwich, when you can steal one high value item, sell it for cash then go buy your bread?
Hardly anyone steals from the grocery store to resell. People stealing at the grocery store are your neighbors. They're not happy about it. This is just something to make yourself feel better.
Oh great, you again.
I'm gonna go steal four steaks.
Remember kids, if you see someone stealing food or toiletries, no, you didn't.
Even I'm stealing and I can afford it. With the self checkouts it's to easy not to get a freebie each time.
when I used to work for one of these types of stores, whenever a family came to the checkout, I'd intentionally forget to scan one of the items or put in the wrong number of potatos or something like that. I probably cost the company dozens of dollars doing that
That's just the visible hand of the market adjusting for shrinkflation.
Sound like a knob to me.