The CEO of Dollar Tree Inc. said Thursday the discount retailer is taking a “very defensive approach” to shoplifting.
The company, which runs Dollar Tree and Family Dollar, has “several new shrink formats” that it intends to roll out in the final six months of the year, CEO Rick Dreiling said in the morning. “Shrink” typically means theft and other types of inventory losses in the retail industry.
“It goes everything from moving certain SKUs [stock-keeping units] to behind the check stand,” he explained to those who tuned into the company’s earnings call. “It has to do with some cases being locked up. And even to the point where we have some stores that can’t keep a certain SKU on the shelf just discontinuing the item.”Fox Business