DIY & Home Improvement
Related: About this forumHOME DEPOT IS SELLING POWER TOOLS THAT REQUIRE ACTIVATION IN-STORE
Shoplifting is a major problem for many brick-and-mortar retail stores, and it seems that stealing and then selling power tools is a lucrative enterprise for some criminals. To combat this, Home Depot is starting to sell power tools that will not work unless they are activated at the checkout counter.
According to a 2020 survey in the US, organized retail crime cost retailers $719,548 per $1 billion dollars in revenue. One thief was recently arrested after stealing more than $17,000 worth of power tools from Home Depot. While many stores put high value items in locked display cases, Home Depot felt that this tactic would negatively affect sales, so they partnered with suppliers to add an internal kill switch. Although persistent criminals might find a way to deactivate this feature, it sounds like Home Depot is hoping that will be just enough trouble to convince most criminals to look for easier targets somewhere else.
https://hackaday.com/2021/08/02/home-depot-is-selling-power-tools-that-require-activation-in-store/#comments
SWBTATTReg
(24,085 posts)constant battle they have w/ shoplifters and the efforts these shoplifters go through, to get a five-fingered discount.
Clash City Rocker
(3,541 posts)Its a trend thats been going on for years. It stands to reason that less staff means fewer people who can catch you shoplifting.
In-store activation sounds like a smart solution to the problem.
Merlot
(9,696 posts)well, for starters, product could be held for randsome.
pwb
(12,198 posts)Oh yeah big corporations don't pay taxes so losses don't matter on their books. The orange at Home Depot is too loud. Give me Lowes blue any day.
Hoyt
(54,770 posts)pwb
(12,198 posts)How much federal tax? Your link is very long and I am not that curious.
Hoyt
(54,770 posts)pwb
(12,198 posts)a corporate income tax.
Hoyt
(54,770 posts)pwb
(12,198 posts)Revenue minus expenses equals profits. Income comes from wages and salary. Facts? Go Lowes.
Merlot
(9,696 posts)Can someone do the math to figure out the percentage of loss in the above statement? I'm no math wiz, but that doesn't look like a large percentage. Maybe if stores would actually hire people to wander the deserted aisles there'd be less theft.
Shoplifting is just the latest media driven enragement.
whopis01
(3,723 posts)Basically is 0.72 million $ / 1000 million $
With that said, it is measuring loss against revenue, not loss against profit.
So if they are operating at a very low margin, it could be a more significant loss.
AZSkiffyGeek
(12,598 posts)Sounds like a good moral argument. Im waiting for the explanation that they really need those power tools. Like is always made about people stealing baby formula and diapers to sell on the black market.
Merlot
(9,696 posts)shareholders. The percentage they loose to theft is much smaller that the profit they make by eliminating employees. This is a problem of HD's own making, and they choose to solve it by using more automation.
Shoplifting is just the latest "outrage" tool used by the media to spread fear and anger.
AZSkiffyGeek
(12,598 posts)Home Depot... The media... Automation
Maybe try blaming criminals. Because if they weren't actually breaking the law, maybe these things wouldn't happen.
Tomconroy
(7,611 posts)We would get a lot of cases from Home Depot. They insisted on prosecuting shoplifters. We never, ever got a case from the Loews across the street though.
There's a lesson there, for those who want to learn it.
AZSkiffyGeek
(12,598 posts)WTF is going on here? Did you tell your clients to go across the street for their shoplifting needs? Did you defend them because you thought it was wrong they were being punished for breaking the law?
Tomconroy
(7,611 posts)Conclusions.
PS I defended them because that was my job. Just like someone will defend you when you get into trouble.
AZSkiffyGeek
(12,598 posts)Sounds like some good lawyerly advise there.
Tomconroy
(7,611 posts)Of theft. Some are very concerned about their employees
getting involved in incidents that could lead to serious injury.
That's a lesson one could learn.
underpants
(186,615 posts)Friend of a friend went through rehab years ago ago. One thing they told me about their meetings was that if they needed cash they just went to Walmart. Pickup some lawn chairs on the way in - no questions return policy - walk out with cash. No receipt needed at the time. They also did the same with things inside the store.
Tomconroy
(7,611 posts)People would get arrested, dispose of their cases and a few months later they would get a letter from Walmart saying Walmart was imposing a 'civil fine' of $150 or so. Not sure if they still do that.
Obviously this sort of info is shocking to some, but those with a professional interest are well aware of it.
Hassin Bin Sober
(26,691 posts)My nephew was with some kids goofing off in a Walmart and one of them stole a pocket knife. Everyones parents got a bill for $250 or $300 bucks. It was like five or six kids.
Tomconroy
(7,611 posts)Hassin Bin Sober
(26,691 posts)Its civil case that only costs the filing fee.
Dont show up and get a judgment PLUS attorney fees. Then a collection on your credit.
Tomconroy
(7,611 posts)I didn't know of any law that gave them the power to impose ',fines'.
To quote James Thurber,: I say it's spinach, and I say to hell with it.
Hassin Bin Sober
(26,691 posts)If I remember correctly, the civil penalties are set by statute at a multiple of the merchandise OR a minimum. They go after you for the minimum.
Tomconroy
(7,611 posts)PS: I did look around the internet and apparently a merchant's lobby has gotten some states to pass the laws you describe. The practical consensus among people who claim to be lawyers on the internet is: Walmart ain't going to do nothing but write a letter.
Mary in S. Carolina
(1,364 posts)I have not been to Home Depot for years due to their beliefs, but I was in a hurry and Home Depot was the nearest store; the store was packed and only 2 check out lanes open. I turned around and drove 3 miles to Lowes, the store was packed and all the check out lanes were open. Go to Lowes, much better customer service, Home Depot short staffs and uses the savings to buy off politicians - just my opinion.
Hassin Bin Sober
(26,691 posts)Lowes is a long drive for me.
Menards is nearby. They are just as bad politics wise. Just not as vocal. Returns are a pain in the ass and prices are higher. They supposedly give you 11% back on purchases but I have yet to receive a single check.
Home Depot matches the 11% if you apply online. I have a wallet full of rebate gift cards (Im renovating a house).
Lowes has a nice tool section and is definitely better run.
Menards is really well run but their tools suck - if they can sell a knock off of anything they do it.
Yeah, Home Depot definitely short staffs. And they are obviously miserable and poorly treated. They hide whenever they can
Baked Potato
(7,733 posts)flying_wahini
(8,006 posts)Because they will deliver a single item or a truckload for $20. Great deal.