Dollar Tree says theft is such a problem it will start locking up items or stop selling them altogether

The rise in retail theft nationwide is being blamed for Dollar Tree's decline in gross profit margin, prompting the company to take defensive measures to prevent further losses.

cbsnews.com

Relevant topic timeline:

8/24/2023

Dollar Tree's shares sink, as CEO says 'challenging' economy is pressuring discounter

Shares of Dollar Tree fell after the retailer revealed that customers are primarily focusing on purchasing food and essentials, indicating more price-sensitive spending habits and a challenging economic backdrop.

8/22/2023

Retail's true crime story: Top execs say rise in theft is cutting into earnings (NYSE:M)

Several major retailers, including Dick's Sporting Goods, Lowe's, Target, and Macy's, have cited an increase in theft as a factor in their reduced earnings and are taking steps to address the problem.

8/24/2023

Dollar Tree adding locked cases, removing items from stores amid rising theft costs

Dollar Tree is implementing anti-theft measures to combat growing shrink and declining gross margins, as the company deals with a customer shift towards consumables and increased theft in the retail industry.

8/26/2023

How 'shrink' became the biggest story in retail

Retail theft, known as "shrink," is becoming a growing problem for retailers, leading to concerns over profits and prompting companies to take preventative measures, such as installing locked cases and removing certain items from stores.

9/3/2023

Toothpaste, chocolate, deodorant under lock & key: US retailers voice alarm at rising theft, 'flash rob' attacks - Times of India

Retailers in the US, including Walmart, Target, and CVS, are experiencing an increase in theft and organized shoplifting, leading to heightened security measures such as locked shelves, padlocked refrigerators, and scattered call buttons, in an effort to combat the rising issue that is impacting their earnings.