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Major Grocery Chain Struggles To Survive Amid Wave Of Thefts

Major Grocery Chain Struggles to Survive Amid Wave of Thefts

by Zero Hedge
May 31, 2023
in Aggregated, Opinions

  • Former White House Advisor: “Trump to Release $150 Trillion Endowment”


A grocery chain which operates primary on the East Coast says it’s taking measures to stay in business amid rampant retail theft and crime across the US.

Giant Food, which operates over 160 locations across DC, Delaware, Maryland and Virginia, has begun restricting entry and exit points , beefing up store security (some armed), displaying fewer high-dollar items on shelves, and reducing the number of self-checkout items, company CEO Ira Kress told the Washington Post . Ira Kress, president of Giant Food, says his company has taken some actions in an attempt to deter shoplifting. (Jahi Chikwendiu/The Washington Post) According to Kress, retail theft has increased “tenfold in the last five years,” which is not “an understatement,” while violence has “increased exponentially.”

“The last thing I want to do is close stores,” Kress continued. “But I’ve got to be able to run them safely and profitably.”

According to Kress, the nature of […]

Read the Whole Article From the Source: www.zerohedge.com

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