Target and other stores losing a lot of money to theft. “The common thread or the consistency in that end of the barbell, is these stores tend to be located in cities where they're not prosecuting this type of crime. And so people are going in, and they know that I can steal X amount of dollars. And as long as I steal that amount, and not anything more, I'm not going to get prosecuted.” They lock more stuff up, leading to a less quality shopping experience. ... Does the word ‘shrink’ mean ‘theft’? ... In Cali, thefts up to $950 not treated as felonies but rather as misdemeanors, since a year or two ago. Will the stores leave, when they have to report lower earnings? or are the earnings still that good?
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