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Really? What about the retailer who didn't pay "cents" to purchase the inventory?
by fortran77 2y ago
Really? What about the retailer who didn't pay "cents" to purchase the inventory?
- user_7832 2y agoI can't comment on what the earlier comment exactly meant but hopefully the shop has insurance. I'm not condoning the theft.
- rahimnathwani 2y agoRetail theft insurance isn't a magic bullet for eliminating losses. If your store experiences $X in annual theft losses, insurance premiums will likely exceed $X. Insurers need to cover their costs and make a profit. Insurance doesn't prevent theft; it shifts the financial burden. The economic impact still exists. Insurance is most effective for low-probability, high-severity events rather than frequent, smaller losses like shoplifting. Some shops in San Francisco have stopped buying insurance against break-ins, due to the increase in frequency.