"Unprecedented Levels" Of Theft In Nation's Capital Forces Supermarket Chain To Remove Name-Brand Items From Shelves [zero hedge]
Foot Locker, Inc. (FL)
Last foot locker, inc. earnings: 2/28 06:45 am
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Source: zero hedge
"Unprecedented Levels" Of Theft In Nation's Capital Forces Supermarket Chain To Remove Name-Brand Items From Shelves Walmart, Target, Kohl's, Foot Locker, Dick's Sporting Goods , and Dollar Tree , to name a few, have all raised concerns about out-of-control thefts in their stores nationwide. The latest is supermarket chain Giant Food, which warned about "unprecedented levels" of "shrink" - the loss of inventory due to circumstances such as retail theft - at one of its stores in Washington, DC. NBC Washington said the Giant Food, located at 1535 Alabama Ave SE, has already warned if rampant shoplifting continues, the supermarket will have to close its doors. The Giant on Alabama Avenue SE is the only full-service supermarket in the area, and if it closes, it will create a food desert in Southeast DC. Instead of closing, it seems the grocery chain has come up with a solution: In a statement, Giant said it plans to remove national brand health and beauty care items and replace them with
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