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https://finance.yahoo.com/news/target-may-have-solved-one-of-retails-biggest-problems-theft-103150947.html

On a call with reporters, Its CFO and COO Michael Fiddelke told Yahoo Finance the company has hit a plateau when it comes to shrink, including retail theft.

"[Inventory shrink] was one of the tailwinds to profit in the quarter, and as we stepped into the year, our aim was to have shrink plateau, and so to improve from the deterioration we've seen over the last couple of years, two quarters in — we're achieving that and then some," Fiddelke said.

Shrink can be the result of theft, damage, or poor record keeping, among other factors.

In its second quarter report, Target's 28.9% gross profit margin beat estimates, up from 27% a year ago.

Target said shrink increased by more than $500 million last year compared to 2022, "representing about 50 basis points of incremental rate pressure," Fiddelke said on the company's Q4 earnings call in March.

Part of the strategy included closing nine stores at the end of last October.

"We cannot continue operating these stores because theft and organized retail crime are threatening the safety of our team and guests, and contributing to unsustainable business performance," the company said in a statement at the time.

The closed stores included one in Harlem, New York City; two in Seattle; three near San Francisco and Oakland, Calif.; and three in Portland, Ore.

At some hard-hit stores, Target also installed locking cases for "prone to theft" merchandise.

Target, on a limited basis, implements tools such as locking cases for merchandise categories that are prone to theft. This Target store located in Jersey City. (Taken by Brooke DiPalma / Yahoo Finance)

Target, on a limited basis, implements tools such as locking cases for merchandise categories that are prone to theft. This Target store located in Jersey City.

Good thing things are so much better than we thought.   Now we have to go grab an employee to unlock the case so we can get the thing we want.   I'm so happy crime is down now. 

mspart

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Yes, that has made the news around  here in Seattle area.   The perp has a history of violent behavior.   And he stabbed one of the dogs she was taking care of and dumped it in a garbage can.  

Rarely for here, he has a $5 million bail set.   I think that is a record for Seattle in the last 4-5 years.   If he is the perp, he needs some serious life sentencing to happen. 

https://komonews.com/news/local/seattle-crime-madison-valley-carjacking-homicide-murder-victim-ruth-dalton-dog-walker-beloved-woman-community-member-search-suspect-stolen-vehicle-brighton-playfield-washington-king-county#

During a press conference Wednesday afternoon, SPD Deputy Chief Eric Barden said 48-year-old Seattle resident Jahmed Haynes was arrested by members of the SWAT team earlier that morning. Haynes was seen near his residence when SWAT took him into custody.

Haynes had a bloody knife and keys to Dalton’s vehicle on him at the time of his arrest.

https://www.fox13seattle.com/news/jahmed-haynes-deadly-seattle-carjacking

SEATTLE - The man arrested in connection to a carjacking that killed an 80-year-old woman in Seattle's Madison Valley neighborhood had previously served time for vehicular homicide, court records show.

Jahmed Kamal Haynes, 48, is accused of pushing beloved dog walker Ruth Dalton from her car and running her over, killing her. He's also accused of stabbing Dalton's dog to death and dumping its body in a park. 

Haynes was arrested at his Seattle home by SWAT on Wednesday. During a press conference, Seattle Police described Haynes as a "violent person," adding that he has eight prior felonies and a history of mental health concerns.

Looks fairly guilty with that stuff on him.  This guy is a bad dude.   Glad he is behind bars.   I don't know about where y'all live but violent crime is been rising in Seattle since 2020 and is near the peak with record homicides this year, assaults are up, theft is up.   The thugs are rarely held accountable.   I'm really glad this thug is behind bars where he can't hurt anyone else.  

mspart

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https://www.nationalreview.com/news/seattle-homicides-reached-30-year-high-in-2023/

By Ryan Mills

January 10, 2024 12:36 PM
 

At least 69 people were killed in homicides in Seattle last year, matching the highs from 1994 and 1969, according to records compiled by the Seattle Times.

Those 69 killings constitute almost half of the 141 homicides recorded in King County in 2023, according to the paper. More than three-quarters of the victims died of gunshot wounds.

A decade ago, in 2014, King County recorded only 54 homicides.

Homicides have been on the rise for years in the far-left city, but they spiked during the peak of the Covid-19 pandemic. A record number of police officers fled the Seattle force amid the anti-police sentiment in 2020 and 2021, when city leaders blamed the cops for being instigators of the racial-justice riots that enveloped in the city after George Floyd’s killing.

The increasing number of homicides in Seattle and King County mirrors trends statewide. According to a Washington Association of Sheriffs and Police Chiefs report released in July, there were 394 murders statewide in 2022, a nearly 17 percent increase over 2021. The 394 murders was the highest number recorded since the association began keeping records in 1980.

People generally feel a lot safer here in the Seattle area with less police around and more crime going on. 

https://www.kiro7.com/news/local/king-county-murder-rates-break-records-seattle-prepares-even-fewer-officers/ZN2KBKHD3VAN5MILLNJTBM47EM/

King County murder rates break records as Seattle prepares for even fewer officers

By Deedee Sun, KIRO 7 News

October 13, 2021 at 8:02 pm PDT

KING COUNTY, Wash. — King County is again breaking records when it comes to gun violence. More people were shot and killed between January and September of this year than all of 2020, according to the Quarter 3 report from the King County prosecuting attorney’s office.

Gun violence is up nationwide, but for Seattle, the troubling uptick comes as the police department is dealing with major staffing troubles, and preparing for even more shortages once the vaccine mandate deadline comes.

“We’ve already exceeded the historic records of gun violence that we saw last year in 2020,” said Dan Satterberg, King County Prosecuting Attorney. “It allows us to confirm what we feel in our gut. Incidents of gun violence, incidents of shots fired continues to grow at an alarming pace,” he said.

So far this year, 73 people have been shot and killed in King County, compared to 69 shooting murders in all of 2020. The victims are primarily young people of color. (The department does not track the ethnicities of the suspects, in part because at-large perpetrators would lead to incomplete data.)

The second article was from 2021 and it was decrying the uptick in violence.   2022 shot through that and 2023 shot through 2022.   2024 seems to be leveling off so we stay at near record levels and that is a win?   I hear a lot of folks on this board say violent crime is down nationwide.   We are not feeling it here I can tell you that for sure.
 
mspart
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Crime is awesome in the great state of IL too……  many of the LEOs relocated to states that care about crime and love actually working again….   They say it’s like actually getting to be the police again   

https://www.illinoispolicy.org/press-releases/violent-crime-up-18-arrests-down-43-in-chicago-over-10-years/#:~:text=CHICAGO (March 12%2C 2024),11.5% higher than in 2022.

Edited by Caveira
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And the Commerce secretary had no idea when interviewed.   The interviewer said that Trump was talking about how horrible it is that they propped themselves up for so long so they could say what a great economy.   Commerce secretary said she wouldn't trust anything that came out of his mouth it is all lies.   The interviewer then said, Trump was quoting data from the Commerce department.   The Commerce Sec said she was not aware of those numbers.  What an idiot!!!   This is what we have running this country.   Watch the video, it is deeply disturbing how stoopid this person is.

https://www.msn.com/en-us/news/politics/bidens-commerce-secretary-mocked-after-telling-abc-she-s-not-familiar-with-major-job-number-revision/vi-AA1pdddm

mspart

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Here's a partial transcript of the video:

https://www.foxnews.com/media/commerce-sec-doesnt-believe-news-grim-job-revisions-because-trump-said-it-im-not-familiar-that

Social media users trashed President Biden's Secretary of Commerce Gina Raimondo for admitting to ABC News on Wednesday that she wasn’t "familiar" with the day's major revision to the jobs numbers.

ABC News correspondent Kayna Whitworth asked Raimondo what she thought of the jobs numbers revision by the Bureau of Labor Statistics. 

"I am curious as to your thoughts on today the Bureau of Labor saying that more than 800,000 fewer jobs were actually created than initially reported," Whitworth said.

The reporter played a clip of former President Trump talking about the report at his rally in North Carolina on Wednesday. "The administration padded the numbers with an extra — listen to this one — 818,000 jobs that don’t exist. So they said they existed and they never did exist. They built ‘em up so they could say what a wonderful job they’re doing," Trump said. 

Raimondo appeared to dismiss the news as Trump spreading misinformation and when asked if the revision could be a liability for Democratic presidential nominee and Vice President Kamala Harris, she said no. 

"No. When I hear that, first of all, I don’t believe it because I’ve never heard Donald Trump say anything truthful," Raimondo said. 

"It is from the Bureau of Labor," Whitworth responded.

"I'm not familiar with that," Raimondo said, despite the report having been released several hours earlier. 

Bolds, underlines and larger font are my edits.  

You really can't make this stuff up!!   What an stoopid idiot!!  Dumb, dumber, dumbest.   And she gets to keep her job, the horror!!   😮

mspart

 

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10 hours ago, jross said:

The mayor in KC implored people and businesses to continue reporting crime; don't give up and deal with it.  Heard him speak on the radio today.

Quinton Lucas is a do nothing blow hard. He only cares about getting into politics at the national level at this point.

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Just now, wrestlingguy said:

Quinton Lucas is a do nothing blow hard. He only cares about getting into politics at the national level at this point.

But I will say Jean Peters Baker is more than part of the problem. She refuses to hold criminals accountable so why do they care if they keep breaking the law if they keep getting a slap on the wrist?

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12 hours ago, jross said:

The mayor in KC implored people and businesses to continue reporting crime; don't give up and deal with it.  Heard him speak on the radio today.

KS or MO?

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44 minutes ago, ionel said:

KS or MO?

Kansas City, Missouri. He is a smooth talker but like most politicians just tells you what you want to hear in hopes you will be dumb enough to believe him. He belongs in Washington with the rest of the promise everything deliver nothing politicians.

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4 minutes ago, wrestlingguy said:

Kansas City, Missouri. He is a smooth talker but like most politicians just tells you what you want to hear in hopes you will be dumb enough to believe him. He belongs in Washington with the rest of the promise everything deliver nothing politicians.

Democratic Mayor Quinton Lucas of KC, MO.

He was a smooth talker; better than most at spinning and distracting from Kamala criticisms.  

That he spoke about the need to report crime IS THE PROOF that crime is not reported.

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8 minutes ago, wrestlingguy said:

Kansas City, Missouri. He is a smooth talker but like most politicians just tells you what you want to hear in hopes you will be dumb enough to believe him. He belongs in Washington with the rest of the promise everything deliver nothing politicians.

no no no

he belongs anywhere but in a position of power

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18 hours ago, mspart said:

Rarely for here, he has a $5 million bail set. 

Because he killed the dog.

 

"If he is the perp, he needs some serious life sentencing to happen. "

Nah, recycle his DNA.  9 strikes and a couple of deaths - You're OUT!  Serious death sentencing needs to happen.

Edited by Lipdrag
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  • 3 weeks later...

So it is proven that violent crime is down when the most violent cities do not participate in the UCR program.  

Folks, that is the definition of being disingenous.   If Chicago reported there would be a different result. 

mspart

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