Reported 8 months ago
Retailers like Target, Macy's, and Best Buy have faced challenges from shrinkflation and shoplifting, with investor Jeff Macke discussing the impact on self-checkout systems. The rise of shoplifting and shrinkflation in retail has caused significant losses, especially for low-margin businesses like Target. The trust in self-checkout systems has been questioned, as they have become a focal point for theft in stores. This has led to a need for improved security measures and oversight in the retail sector.
Source: YAHOO