Kroger Exec Says Shrink Related To Theft Remains High On A Historical Basis
Portfolio Pulse from Benzinga Newsdesk
Kroger executives have reported that shrink related to theft remains historically high, indicating ongoing challenges in managing inventory losses due to theft.
September 12, 2024 | 2:18 pm
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Kroger has reported that shrink related to theft remains high on a historical basis, which could impact their revenue and profit margins negatively.
The report of high shrink due to theft suggests that Kroger is facing significant inventory losses, which can negatively affect their financial performance by reducing revenue and increasing costs associated with loss prevention.
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