Nice word for mass theft, "shrink".-----JD.com Stock Falls as Wall Street Dials Back Revenue Estimates - Barrons

JD.com Stock Falls as Wall Street Dials Back Revenue Estimates -

"Walmart’s recent decision to shut down half of its Chicago stores highlights a troubling reality for big-box retailers: operating in urban markets isn’t easy...

The company says it closed the stores because they hadn’t been profitable in years...
Some observers have blamed higher levels of shoplifting for the retailer’s retreat from urban markets...
Companies including Target (TGT), Albertsons (ACI), and Lowe’s (LOW) have called out more instances of so-called inventory shrink, or the loss of inventory tied to theft, administrative errors, and damage...