Dollar Tree is taking losses in some areas due to a spike in theft and a decline in profits.
Like many retailers, the discount store chain is considering “defensive merchandising” or restricting access to certain products.
Many major store chains have blamed a massive surge in theft as a growing challenge, as left-wing prosecutors restrict law enforcement from arresting shoplifters nationwide.
During the company’s first-quarter earnings report meeting on May 25, Dollar Tree CFO Jeff Davis told investors that the retailer expects to “improve our performance on shrink through defensive merchandising efforts, real estate optimization, and perhaps higher prices to compensate for areas of systematically higher shrink” over time….