National Retail Federation CEO on retail shrinkage: It's a real issue

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  • Опубликовано: 7 авг 2024
  • Matt Shay, Nation Retail Federation president and CEO, joins 'Squawk Box' to discuss the state of the consumer, the problem with shrinkage and theft, the impact on retailer's bottom lines, and more. For access to live and exclusive video from CNBC subscribe to CNBC PRO: cnb.cx/2NGeIvi
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Комментарии • 53

  • @CNBCtelevision
    @CNBCtelevision  11 месяцев назад

    Watch the exclusive full interview on CNBC PRO: cnb.cx/3KRmYGJ

  • @geraldbrowne
    @geraldbrowne 11 месяцев назад +15

    Becky needs to take a walk on streets of LA, San Fran, NY

    • @user-sh5yr6qp1b
      @user-sh5yr6qp1b 11 месяцев назад +1

      talk about privileged. she lives in rich area in nj. gets paid millions to read off a teleprompter.

    • @user-ns8qx8nh5e
      @user-ns8qx8nh5e 11 месяцев назад

      Nothing wrong with those street, maybe this witch will find a real man. not the cheating one she has.

  • @conimal1
    @conimal1 11 месяцев назад +3

    Guy says consumer is spending down savings and shifting to necessities, but consumer is also still strong? What?

    • @onyong123
      @onyong123 11 месяцев назад

      Exactly… doesn’t make any sense

    • @Goodiebar18
      @Goodiebar18 11 месяцев назад

      Credit Cards

  • @mikeJJJJJJJJJ
    @mikeJJJJJJJJJ 11 месяцев назад +2

    huge stores with barely any employees and self check-out: hmmm: why is theft up???

  • @Chris-se3nc
    @Chris-se3nc 11 месяцев назад +1

    It’s usually cold in those stores. Shrinkage is causing their bottom line to not be all that it could be and more!

  • @playbak
    @playbak 11 месяцев назад +1

    TF Sorkin smokin?! Corporations are going to dictate the laws now. If a store doesn’t like the local laws somewhere, close up shop and move on.

    • @fhowland
      @fhowland 11 месяцев назад

      He’s a leftist

  • @curtisw0234
    @curtisw0234 11 месяцев назад +1

    if you go to a grocery store you pretty much hear the alarm go off over and over the worst that ever happens for thieves is a tiny bit of embarrassment as people look at them. of course shrink is a real issue

    • @user-ns8qx8nh5e
      @user-ns8qx8nh5e 11 месяцев назад

      "of course shrink is a real issue" of course you just can't walk away from the real problem, no one want to buy their expensive crap.

  • @comixreaction6619
    @comixreaction6619 11 месяцев назад +1

    It’s shrinkage!
    -George Castanza 😂

  • @triciaspencer4362
    @triciaspencer4362 11 месяцев назад

    …Or looked at the rental markets outside of NYC? Small towns are seeing rents over $1,000 per month for a ROOM in a shared house. Get real guys.

  • @triciaspencer4362
    @triciaspencer4362 11 месяцев назад

    Have any of you even looked at the cost of a new car or been to the grocery store? Cereal is $5.00 per box! 3:57

  • @damham5689
    @damham5689 11 месяцев назад

    Why dont stores actively stop thieves in the act and not just watch them walk out with merchandise and hope police can catch them ? This is a multi fold problem, and retailers not trying to stop the criminals is part of the problem.

    • @miahj6621
      @miahj6621 11 месяцев назад

      let me ask if you, as a minimum wage employee would be wiling to risk you or your kid's life over some material items? I didn't think so. So when you say "stores" you mean, "minimum wage employee"

    • @ham9187
      @ham9187 11 месяцев назад +1

      How? The state has a monopoly on violence and they have been clear that any law abiding citizen who disrupts that will be prosecuted to the full extent of the law.
      So, good luck with that.

  • @mark11967AD
    @mark11967AD 11 месяцев назад

    Becky's cute little weather reference. Yes corporate blaming the weather making up a massive increase in organized and gang led retail theft. Tut tut you naughty corporations making excuses for your own poor marketing and retail efforts. She is living a life or privilege if she doesn't see all the rash of brazen crimes.

  • @christinehopping
    @christinehopping 11 месяцев назад

    This is a first to hear the news media actually telling the truth on stealing being a crime!

  • @allenmobley8444
    @allenmobley8444 11 месяцев назад +3

    Joe clearly never worked retail. I’ve worked for Publix 14 years ago and the acronym “SHRINK” was always used. And most of the time it was because of spoiled product, damages, and yes of course thief but this isn’t new. Companies are using this as an excuse for poor sales plain and simple.

    • @natsoliman8407
      @natsoliman8407 11 месяцев назад

      Well you should be the CEO if your that smart?

    • @TonyKingOfTheOzone
      @TonyKingOfTheOzone 11 месяцев назад

      Its the classic blame everyone but themselves. The CEO sounds like he's not cut out for the job

  • @waaseh
    @waaseh 11 месяцев назад +1

    consequences of defunding the police

  • @geraldbrowne
    @geraldbrowne 11 месяцев назад +1

    The guy is full of BS. Listen to this guy’s attempt to skirt reality

  • @jaym9846
    @jaym9846 11 месяцев назад

    Retail no longer matters. AI has taken over. Long live the new emperor, NVIDIA.

  • @thejeffinvade
    @thejeffinvade 11 месяцев назад

    零元购🎉

  • @soup100
    @soup100 8 месяцев назад

    Nonsense

  • @fhowland
    @fhowland 11 месяцев назад +5

    Direct result of liberal policies

  • @helpme100
    @helpme100 11 месяцев назад

    No sales and elevated prices turns to shrinkage blaming

  • @havenhurstgroup
    @havenhurstgroup 11 месяцев назад

    This is a Democrat created problem. Go into a store now, and you have to hunt for someone to unlock a case, such a turn off. I just order online or do not buy. Locking up all your products is gonna decrease sales.

  • @willtwain1383
    @willtwain1383 11 месяцев назад

    Of course shrinkage is a bigger problem. People are tapped, and angry at corporate greed, so are returning the favor.

    • @jordanslingluff287
      @jordanslingluff287 11 месяцев назад

      That's Biden's fault for causing the inflation

  • @willtwain1383
    @willtwain1383 11 месяцев назад

    With he death of the middle-class, the death of retail was inevitable.
    Thanks Reagan, and Republicans across the board.

    • @weirdshibainu
      @weirdshibainu 11 месяцев назад +2

      Learn some history.

    • @willtwain1383
      @willtwain1383 11 месяцев назад

      Zombie.
      @@weirdshibainu

    • @weirdshibainu
      @weirdshibainu 11 месяцев назад

      @@willtwain1383 Open a book. It'll open your mind.

    • @willtwain1383
      @willtwain1383 11 месяцев назад

      I wrote the book.
      @@weirdshibainu

    • @user-sh5yr6qp1b
      @user-sh5yr6qp1b 11 месяцев назад

      yea thats the reason....amazing

  • @michaelc1063
    @michaelc1063 11 месяцев назад

    I experience shrinkage every morning!! Its a real issue!! 🫥