You started out with "they are being shoplifted out of existence" then when questioned insist I do the work you can do on the google machine btw. Seems very lazy on your part. Look at all the claims you made plus the one time you guessed and were right. This is lazy to demand others do the work to support or refute your claims based on these bolded and other comments embedded. Yes I absolutley am smarter and know more than you about business and there's no point in debating that further. Does that make you happy that the mean educmacated guy (and I'll throw down on school of hard knocks with you all day and night, I'm obviously superior to your dead friend becuase my relationship with my children is thriving right now and there's someone on this board who I think would testify he saw a glimpse of that very recently in person - other than he might say I'm a fatty now and my hairline is more than just "creeping at the corners" which I can't dent my lack of exercise lately and lack of effciacy of nioxin shampoo).cradleandshoot wrote: ↑Sun Jun 09, 2024 7:28 pmSo somewhere in your psychoanalysis of me you lost tract of my question. I'll try it one more time... How much inventory shrinkage can a retail store like Big Lots absorb? That is after all the entire point of my post. Do you wish to give a clear and concise answer?Farfromgeneva wrote: ↑Sun Jun 09, 2024 6:46 pmAll that doesn’t change anything. You could trip across the right outcome and be wrong in your analysis. But I know you don’t get that and aren’t trying to get it. FFG says as matter of fact with maybe a hint of fatigue form trying previously not insulting it’s how you like it. Trust me I learned if just fine with your expert analysis and masters in hard knocks as it relates to mental health and the science an ditching of addiction. Plus like 75 other topics. But I suppose I occasionally still try because I thinj your good people under the willful ignorance you enjoy like a warm blanket in a cold, scary and dark winter.cradleandshoot wrote: ↑Sun Jun 09, 2024 3:13 pmIf the Big Lots store I am speaking about goes OOB then my business analysis becomes irrelevant to something both you and I might refer to as reality. Your a business and financial guy. How much shrinkage can a retail store like Big Lots survive? The point you may have missed or glossed over was this... The manager that was fired was transferred by Big Lots to help out this store that was struggling terribly for a number of reasons. He did an excellent job from what I could see. The store while under his management has become squared away. The Big Lots policy about how they deal with shoplifting is their business. In this instance one of his employees was assaulted as the alleged shoplifter left the premises. This was no longer simply an issue dealing with a shoplifter it became an assault on a Big Lots employee. Bottom line is the manager was fired and if this particular Big Lots store stays open until December I will be impressed. FTR when this store goes OOB I will keep you in the loop in regards to my " thin business" analysis. I may not have a doctorate in finance but I spent 45 years working in food service in regards to restaurants and retail stores. When a bunch of dumbasses took over the old Jillian's in downtown Rochester I installed all of the beverage dispensers in that location. I paid very close attention to what their business model was going to be. I predicted they would be OOB in 6 months. I was wrong, they lasted for 4 months.Farfromgeneva wrote: ↑Sun Jun 09, 2024 11:45 amHes not saying that hes' questioning your relatively thin business analysis. Otherwise 100% of businesses in NYC from 1965 - 1990 wouldve failed and that didn't happen.cradleandshoot wrote: ↑Sun Jun 09, 2024 10:08 amDepends on how much shrinkage of inventory they can sustain. I do know shoplifting is becoming a huge problem for retail establishments. I do know that an increasing # of future 5 finger discounters have figured out no one is going to stop them. So what your clumsily trying to say is that retail theft is NBD...got it...Typical Lax Dad wrote: ↑Sun Jun 09, 2024 8:38 amYou think shoplifting is why Big Lots is in the toilet?cradleandshoot wrote: ↑Sun Jun 09, 2024 6:12 amFTR for what it is worth, I use to shop at this same Big Lots store fairly frequently. I didn't know the manager in question. I do know in the year or so he was the manager of that store he busted his ass and turned it from a chaotic mess into a well run and organized store. This Big Lots is a stones throw away from the Wegmans I shop at every week. The Wegman family has taken a different approach, if you try to walk out of their store with a bag full of stolen merchandise you will meet the asset protection people up close and personal. Why Big Lots has chosen this path to bankruptcy is painfully clear. They are more concerned about a violent and combative thief being injured and suing the crap out of them. The moral of the story is you can be a dedicated store manager who becomes nothing more than a scape goat for corporate America. How frustrating must it be for a store manager to watch his merchandise walking out the front door and all you can do is watch and shake your head. The thief assaulting one of your employees doesn't even change those dynamics. I call this the death of common sense. Whoever said crime doesn't pay should be the new CEO of Big Lots. BTW, I will never shop at Big Lots again not like they will be in business for very much longer with some of their present policies.Typical Lax Dad wrote: ↑Sat Jun 08, 2024 6:30 pmcradleandshoot wrote: ↑Sat Jun 08, 2024 6:51 am There was an interesting event last week at a local Big Lots Store near our house. A shop lifter in the process of leaving the store with his bag of goodies punched the assistant manager in the face. The manager, witnessing the assault called police and followed the bad actor into the parking lot. The police were unable to locate the individual. Two weeks later the manager was fired for violating Big Lots policy by calling the police without approval by his district manager. Big Lots policy is to not impede or interfere or confront any shop lifter. Even if that individual assaults one of your employees. If I was a shoplifter I would do all of my thieving at Big Lots. They are shoplifter friendly for sure. If you ask nicely they might even give you a bag to put your goodies in. It is quite the dilemma for Big Lots. They don't want to confront these people out of fear of them becoming violent. The down side is they are being shop lifted out of existence. These bad actors understand store policy and will happily take advantage of it. It has to be frustrating for any manager to just watch stolen merchandise walking out the door and all you can do is watch and then make a report to upper management. Who said crime doesn't pay because apparently it does.
BTW I mentioned to you awhile back about the owner of Nick Tahous selling the historic restaurant building. It could be a money pit but it is a magnificent old building. I bet if you looked at closely you would agree it has serious possibilities.
This daring me to prove it to you is just stupid in the arena of finance and especially more stressed or distressed or structured areas of finance. its akin to me going to Little TLD (whos not so little now) and saying "bro I dare you to try and dodge by me and score!" (except I'm dirty and the minute his first move has me falling on my face im grabbing his a** and taking him down with me and going "see I told ya"!)