1 in 27

A recent survey reported that in 2016, 1 out of every 27 employees was apprehended for stealing from their employers.  2016 Retail Theft from CSA

Here is a link to the survey. 29th Annual Retail Theft Survey

There are some amazing facts in these articles.  But what it left me wondering was how many of these employees fully intended to steal from the company when they were hired? Or how many got the jobs simply to steal from the retailers?  Is there something during the hiring process that can be done to weed these people out (that is legal and ethical)?

I wish I had some answers, but I don’t.  But this is something to consider when you do your next hiring.

Interesting partnership

Looks like New Balance is lending some credibility to J. Crew’s fitness line.

Interesting Mash-up

Saw this window at the Woodburn Outlet Malls.  Interesting?  When I think of premium leather goods, my mind is not immediately drawn to Disney.

More closures

from a recently closed Macy’s in PDX

There was some said news for retail brick & mortar the past week.

“RadioShack suddenly closed more than 1,000 stores — and now only a handful remain.”

RadioShack suddenly closed over 1000 stores over the weekend.

In its heyday, RadioShack was the place to go for replacement batteries, television antennas, electronics parts, HAM radios and electronic toys.  But like many of its no longer relevant products, the chain looks to be near the end of its 96 year run.

“At its peak, RadioShack had more than 7,300 locations across the US and boasted that it had a store within 3 miles of 95% of American consumers.” -Business Insider

“Payless Shoe Source to close more than 800 stores in total”

When Payless originally filed for Chapter 11 in April, they announced plans to close about 5400 locations.  The list of planned shuttered stores has now been expanded to over 800.

 

Uneek to say the least

Keen’s Uneek Sandals available from a vending machine outside of the PDX Corporate offices and their flagship Keen Garage.

Food for thought

While we may not be witnessing the death of retail, we are seeing some significant shifts.  Consider these facts recently reported by Hayley Peterson in her Business Insider article, “An American jobs threat worse than coal is coming to your hometown”

  • According to government data, general-merchandise stores like Macy’s and Sears have bled about 89,000 jobs since October — more than the total number of people employed by the US coal industry, which Trump repeatedly pledged to revive both on the campaign trail and in office.
  • Since 2001, department stores alone have lost half a million jobs. The coal industry, by comparison, has lost about 22,000 jobs in the same period.
  • Retailers have announced more than 3200 store closures so far this year, and Credit Suisse analysts expect that number to grow to more than 8,600 before the end of the year. For comparison, 6,163 stores shut down in 2008 — the worst year for closures on record.
  • Sears employees have also been stripped of their employee discount, which gave them 10% to 20% off products at Sears and Kmart. The company replaced the discount program this year with a system that awards 20% back in “points” that can be applied to future purchases. The points expire after 60 days.

Store closures, bankruptcy, contractions, lay-offs, reduced hours/benefits; these make you wonder about our industry.

It’s magical

Disney storefront

It had been some time since I had visited a Disney Store so when I passed by one the other day I had to stop in.

I wandered through the store checking out how the Star Wars brand has been woven into the Disney merchandising, listening in on customer interactions and observing the joy that the customers exhibited in visiting a little slice of the happiest place on Earth.  Finally, I ended my explorations at the back of the store drawn towards a small crowd gathered there.  There were a dozen people around plush mountain watching the video wall on the back of the store.

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