Theft at Foot Locker and the British Museum; BRICS Dreaming; Punch Cards and an Italian Immigrant's Story
August 27, 2023 Volume 4 # 15
Shoplifting Gangs Hurting American Retailers
Foot Locker’s shares fell almost 30% in just one day this past week. The big reason was slower sales and suspending the company’s dividend. But Bloomberg said Foot Locker, along with other large retailers with physical stores, was plagued by losses due to a shoplifting epidemic. Target said it lost $400-millio…