Dollar Tree has become the latest retailer to lock up merchandise in hopes of reducing shrink.
In the first quarter, elevated shrink levels impacted the dollar store’s earnings by 14 cents a share.
“This is not unlike what you’re seeing in many other retailers across the industry,” said CFO Jeff Davis on an analyst call. “Some of this is societal, some of this is economics, some of it, of course, is particular to us. And we’re taking all the appropriate steps that we can to control and mitigate this where we can.”
