Locking Up Items To Deter Shoplifting Is Pushing Shoppers Online

Longtime Slashdot reader schwit1 shares a report from Axios: Locking up merchandise at drugstores and discount retailers hasn’t curbed retail theft but is driving frustrated consumers to shop online more, retail experts tell Axios. Retail crime is eating into retailers’ profits and high theft rates are also leading to a rise in store closures. Secured cases can cause sales to drop 15% to 25%, Joe Budano, CEO of anti-theft technology company Indyme, previously told Axios. Barricading everything from razors to laundry detergent has largely backfired and broken shopping in America, Bloomberg reports.

Aisles full of locked plexiglass cases are common at many CVS and Walgreens stores where consumers have to wait for an employee to unlock them. Target, Walmart, Dollar General and other retailers have also pulled back on self-checkout to deter shoplifting. “Locking up products worsens the shopping experience, and it makes things inconvenient and difficult,” GlobalData retail analyst Neil Saunders said, adding it pushes shoppers to other retailers or to move purchases online.

Driving the news: Manmohan Mahajan, Walgreens global chief financial officer, said in a June earnings call that the retailer was experiencing “higher levels of shrink.” Amazon CEO Andy Jassy spoke of the “speed and ease” of ordering online versus walking into pharmacies on a call with investors last week. “It’s a pretty tough experience with how much is locked behind cabinets, where you have to press a button to get somebody to come out and open the cabinets for you,” Jassy said. schwit1 adds: “The American-style retail shopping experience was invented in a high-trust environment. As trust erodes, so does the experience.”

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Fire Damages Russian-Occupied Nuclear Plant in Ukraine

The Guardian reports

Sunday, Ukraine’s president, Volodymyr Zelenskiy, highlighted that Russian forces appeared to have started a fire in one of the cooling towers of the Zaporizhzhia nuclear power plant that it has occupied since the early days of the war. “Radiation levels are within norm,” Zelenskiy said before accusing Russia of using its control of the site, whose six reactors are in shutdown mode, “to blackmail Ukraine, all of Europe, and the world”. A Ukrainian official in Nikopol, the nearest town across the river Dnipro from the nuclear plant, added that according to “unofficial information”, the fire was caused by setting fire to “a large number of automobile tyres” in a cooling tower. Video and pictures showed smoke dramatically billowing from one of the towers, although experts said they are not in use while the reactor is in shutdown mode, prompting some to question whether it was a way of trying raise the stakes over Ukraine’s incursion into Russia.

From the CBC:

The Russian management of the facility said emergency workers had contained the fire and that there was no threat of it spreading further. “The fire did not affect the operation of the station,” it said. The six reactors at the plant located close to the front line of the war in Ukraine are not in operation but the facility relies on external power to keep its nuclear material cool and prevent a catastrophic accident.

Moscow and Kyiv have routinely accused each other of endangering safety around it.

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