“We have not seen any material reaction from consumers,” P&G CFO Andre Schulten said. “So that makes us feel good about our relative position.”
There it is folks. Straight from the horse’s mouth. They won’t do what’s in the best interest of humanity without “material reaction” (ie; an arsonist or maybe even something more extreme.)
Not an American, isn’t there a limit on how you can raise prices? At least in my country we have "SRP"s (suggested retail price) and whoever exceeds that will need a good reason to do so, and simply citing theft will not be an enough reason.
We have the MSRP (Manufacturer Suggested Retail Price), but that’s not given for every product, but more importantly it’s exactly what it sounds like; a suggestion. There’s no governing body to make sure stores are in line with MSRP.
Well… I suppose they’d have to lose more than minimum wage… in my state that would be ~$14/hr. Let’s call it 20/hr because of benefits and incidental cost of staffing.
Where I’m from you still have to go through someone who makes sure all of the shit in your cart is in your receipt, it adds like 30-60 seconds and it’s a single employee for six checkouts.
I know Costco and Walmart do that. The majority of normal grocery stores around me do not. That’s one reason I rarely go to Costco or Walmart. With Costco they have cashiers as well, so it seems like they don’t need to have the 2nd person. It feels like they assume customers are criminals until proven otherwise.
Criminal until proven otherwise for checking that you didn’t miss anything in your cart? That’s extreme, people do make mistakes, if you actually want to steal you can still pocket stuff, the employee likely won’t give two shits since that’s a job for a security guard like it’s always been.
If you’re paranoic about being perceived as a potential criminal that’s fine, you do you, but labeling any sort of basic control as an accusation is not cool, might as well label the presence of a security guard as such.
At Costco they have cashiers and they have your cart and verify it’s empty/everything was scanned. I’m not really sure what the 2nd check is for, other than wasting time.
It makes you wonder when it will be cheaper to hire back cashiers to avoid so much loss to theft.
Oh no, they’d rather just raise prices to cover the shrinkage.
…Or just raise prices because they want to increase margins and lie and say its because a massive increase in theft or inflation or whatever they want to say and then laugh about it on a public earnings call that you can raise prices however you want because consumers still have to buy certain goods no matter what.
There it is folks. Straight from the horse’s mouth. They won’t do what’s in the best interest of humanity without “material reaction” (ie; an arsonist or maybe even something more extreme.)
Not an American, isn’t there a limit on how you can raise prices? At least in my country we have "SRP"s (suggested retail price) and whoever exceeds that will need a good reason to do so, and simply citing theft will not be an enough reason.
We have the MSRP (Manufacturer Suggested Retail Price), but that’s not given for every product, but more importantly it’s exactly what it sounds like; a suggestion. There’s no governing body to make sure stores are in line with MSRP.
If they concluded that they could raise prices to increase profit, they’d do so regardless of theft rates. Those are separate issues.
Well… I suppose they’d have to lose more than minimum wage… in my state that would be ~$14/hr. Let’s call it 20/hr because of benefits and incidental cost of staffing.
Do your part! (/s)
Where I’m from you still have to go through someone who makes sure all of the shit in your cart is in your receipt, it adds like 30-60 seconds and it’s a single employee for six checkouts.
I know Costco and Walmart do that. The majority of normal grocery stores around me do not. That’s one reason I rarely go to Costco or Walmart. With Costco they have cashiers as well, so it seems like they don’t need to have the 2nd person. It feels like they assume customers are criminals until proven otherwise.
Criminal until proven otherwise for checking that you didn’t miss anything in your cart? That’s extreme, people do make mistakes, if you actually want to steal you can still pocket stuff, the employee likely won’t give two shits since that’s a job for a security guard like it’s always been.
If you’re paranoic about being perceived as a potential criminal that’s fine, you do you, but labeling any sort of basic control as an accusation is not cool, might as well label the presence of a security guard as such.
At Costco they have cashiers and they have your cart and verify it’s empty/everything was scanned. I’m not really sure what the 2nd check is for, other than wasting time.
What second check?
The cashier scans and checks everything at the register. Then the person near the exit goes over the receipt with their highlighter. 2 checks.
My bad, I thought self checkout was when you scan your items yourself
It is, but I’ve never been to a Costco that has that, though I’ve heard recently that some exist.
Receipts are checked regardless of how a person checks out.