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Dick’s Sporting Goods Claims Retail Theft Lowered Profits

GZD7LHOCIVDERPO5NJND7T6XBY Dick’s Sporting Goods Claims Retail Theft Lowered Profits

The surge in retail theft since the Covid-19 pandemic has spread from pharmacies like CVS and Walgreens to big-box stores like Target, and now to sporting retailer Dick’s Sporting Goods.

The company specifically blamed an increase in retail theft, also called “shrink” or “shrinkage” in the retail industry, as the reason why it saw reduced profits in the second quarter of the year. And it doesn’t expect the problem to end…

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