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Business, Economy

“Shrink and theft losses near $1 billion at Lowe’s — here’s how much they’re costing other retailers”

“Generally, the inventory losses are only a small fraction of the retailers’ net sales. They also pale in comparison to other factors squeezing margins, such as excessive discounting and promotions, according to a CNBC analysis of their balance sheets. While… Continue Reading…

Business, Economy

“355 Retailers File for Bankruptcy, and Two More Numbers to Know”

“Since January, 355 Retailers Have Filed for Bankruptcy Protection. The coronavirus pandemic has hit the already-struggling sector particularly hard. Some big names have gone bust recently, including Neiman Marcus, J.Crew, and J.C. Penney. Meanwhile, Amazon and other retailers with a large online presence are… Continue Reading…