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Article #9334

Re: Best Buy Treated Me Like a Thief

#9334
From: Bob
Date: Fri, 06 Jan 2006 14:10
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"John A. Weeks III" <john@johnweeks.com> wrote in message 
news:john-69D4CF.21551405012006@sn-ip.vsrv-sjc.supernews.net...
   ... lines deleted ...

> It is worth pissing off a few customers to pervent retail theft.
> Consider that if a typical customer buys a typical $1000 item,
> the store might earn $50 in profit.  Yes, margins are that thin
> on stuff like computers and TV's.  If a thief takes a typical
> $1000 item, the store is out $950 for the cost of the item.

must be why Best Buy only made net income of $138 million 3rd qtr 05.
from 
http://today.reuters.com/investing/financeArticle.aspx?type=hotStocksNews&storyID=2005-12-13T153405Z_01_KWA347476_RTRUKOC_0_US-RETAIL-BESTBUY-EARNS.xml



> That makes the loss of one item cost the same as the profit from
> 19 customers.  You also need to factor in the heard-like mentality
> of the great masses--if you catch a few high profile shoplifters
> and make a bit of news, everyone hears about it, which tends to
> help keep the honest people honest.
>
> -john-
>
> -- 
> ======================================================================
> John A. Weeks III           952-432-2708            john@johnweeks.com
> Newave Communications                         http://www.johnweeks.com
> ====================================================================== 
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Subject: Re: Best Buy Treated Me Like a Thief
Date: Fri, 6 Jan 2006 08:10:17 -0600
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