Good Lifestyle

THE retail business had to reinvent itself again and again. In recent years, theft has become one of the main factors that stimulate these changes, because stores have deployed new endless measures to try to fight against display. Target recently added Article limits to his self-groove pathways, while Kroger implemented reception checks in some of its stores. From now on, Dollar General cuts self-treatment and even the deletion of articles from the shelves to try to resolve its losses.

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The store chain at a dollar has been published its financial results For the first quarter of the year 2024 on May 30. According to the report, Dollar General experienced a 6.1% increase in net sales due to an increase in customer traffic.

Despite this, the gross benefit of the general dollar of its net sales this quarter was still lower than it was a year earlier, the decline "mainly attributable to an increase in withdrawal", said the company in its report.

Shrink is a term that retailers use to designate the loss of inventory of factors other than sales, such as theft.

"We know winds of reduction and sales which are more important that we initially planned to come in the" " Kelly Dilts , Said the Dollar Genral's financial director, in a press release accompanying the report.

During May 30 winning call With investors, Dollar General PDG Todd Vasos revealed that the company continues to make significant efforts to reduce its shortcut.

"Shrink continues to be the most important front wind of our company, and we deploy an end -to -end approach to reduce the reduction in the organization, including the efforts of our supply chain, of merchandising And in our stores, "he said.

To help fight the display, Dollar General focused on eliminating the self-dérification of several of its stores. The retailer initially started by converting around 9,000 of its cashier locations during the quarter. But now these efforts are developing.

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"After the quick and successful conversion of these stores," Vasos told investors that the company had also chosen to withdraw cares from 3,000 additional stores in May. This means that a total of approximately $ 12,000 in general sites have now been stripped of the Auto-Checks tracks this year.

"Although this represents a significant change in our stores, we think it is the right action plan to stimulate the increased commitment of customers while positioning us better to start reducing the narrowing in the rear half of 2024 with A larger positive impact expected in 2025, "Vasos explained the call. "In the future, we plan to have self-tenification options available in a limited number of stores, most of which are higher volume and DIY locations."

This is not the only change of dollar that General makes to repel the increase in theft. The company also worked on the reduction of its inventory in stores, with a particular emphasis on the elimination of "shrink" products from the shelves. In other words, draw the elements most often stolen.

According to Vasos, the company has embarked on a "net reduction of up to 1,000" in its supply chain by the end of the year.

"We believe that all of this ... will help this line of narrowing because too many inventory or inventory in some cases always leads to additional narrowing," said Vasos.

Better life Contacted Dollar General about these modifications, and we will update history with its answer.