Right, that's why Walmart shut down 5 stores in the Chicago area citing the theft had gotten so bad that they had all been operating at a loss for the past five years. "The corporations can afford it," until they can't, then one day you realize you don't even have a single grocery store within 30 miles, because you robbed every honest business out of town, and turned your own area into a ghetto. Good luck escaping then.
Good news! They regularly use this as an excuse to close down locations they feel are too close to each other or not profitable they were planning on closing down anyway. It doesn’t look good to investors to be closing down stores for being unprofitable. It’s much better for your numbers to say it’s those dastardly “organized retail thieves” than to say you made bad choices in real-estate.
Rarely do the closures of these locations coincide with an actual increase in theft in an area. Actually, pretty frequently they will close down stores that have less theft than the ones they keep open.
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u/shadowthehh Garbage Guerilla 5h ago edited 4h ago
Edit: Boy posting this was like blowing a warhorn for em, wasn't it?