Profitable store closed due to crime

[RoBo1988]

Oakland's only In-N-Out closing due to soaring crime rates

The Oakland branch of the 75-year-old company will close its doors in March, as rising crime has put staff and customers in danger, the company's COO, Denny Warnick, said

www.dailymail.co.uk

Carjackings at the nearby gas station.

 

[Gene2memE]

Despite the headlines, crime appears to have undergone a historic decline in the US during 2023. Violent crime and property crime both fell substantially, basically reversing the post-pandemic uptick in 2021/2022:

Crime in 2023: Murder Plummeted, Violent and Property Crime Likely Fell Nationally

These trends stand in sharp contrast with polling showing 3 in 4 Americans think crime rose this year.

jasher.substack.com

https://cde.ucr.cjis.gov/LATEST/webapp/#/pages/explorer/crime/quarterly

What's interesting is that the PERCEPTION of the level of crime has gone the opposite direction. And that's a long term trend.

Despite crime rates having dropped overall by ~40% since 2000, about three quarters of Americans report they think there is more crime across the US this year than last, and about 55% think there's more crime in their general area. That's climbed from about 40% and 26%, respectively, reporting the same feeling in 2001.

What's most interesting to me is that the feeling of 'there's more crime now in the US than in the past' is strongest among inhabitants of rural areas/small towns and large cities areas - but these are also the areas where crime levels have declined the most in recent years.

It's also one of those cases where media consumption leads to faulty perception. People who report watching significant amounts of cabal news are more likely than the rest of the population to believe crime rates are increasing and that crime is a serious problem. The idea of 'If it bleeds, it leads' results in a problem - the boring reality is not being presented, because it just doesn't generate enough attention.

 

[Laodicean60]

Oakland's only In-N-Out closing due to soaring crime rates

The Oakland branch of the 75-year-old company will close its doors in March, as rising crime has put staff and customers in danger, the company's COO, Denny Warnick, said

www.dailymail.co.uk

Carjackings at the nearby gas station.

On earnings reports many retailers complain about financial losses due to crime.

 

[rambot]

EXTRY! EXTRY! READ ALL ABOUT IT.

HERE IN THE GOOD OL USA A STORE CLOSED DUE TO CRIME.

FIRST TIME IN OUR GREAT HISTORY! TRUMP "SAYS GREATEST FAILURE IN THE HISTORY OF HUMANITY THROUGH ALL UNIVERSE AND TIME PORTALS; HEAVEN AND HELL ARE UNFOLDING IN THIS GREAT COUNTRY; ONCE GREAT COUNTRY"


EXTRY!

 

[FireDragon76]

Despite the headlines, crime appears to have undergone a historic decline in the US during 2023. Violent crime and property crime both fell substantially, basically reversing the post-pandemic uptick in 2021/2022:

Crime in 2023: Murder Plummeted, Violent and Property Crime Likely Fell Nationally

These trends stand in sharp contrast with polling showing 3 in 4 Americans think crime rose this year.

jasher.substack.com

https://cde.ucr.cjis.gov/LATEST/webapp/#/pages/explorer/crime/quarterly

What's interesting is that the PERCEPTION of the level of crime has gone the opposite direction. And that's a long term trend.

Despite crime rates having dropped overall by ~40% since 2000, about three quarters of Americans report they think there is more crime across the US this year than last, and about 55% think there's more crime in their general area. That's climbed from about 40% and 26%, respectively, reporting the same feeling in 2001.

What's most interesting to me is that the feeling of 'there's more crime now in the US than in the past' is strongest among inhabitants of rural areas/small towns and large cities areas - but these are also the areas where crime levels have declined the most in recent years.

It's also one of those cases where media consumption leads to faulty perception. People who report watching significant amounts of cabal news are more likely than the rest of the population to believe crime rates are increasing and that crime is a serious problem. The idea of 'If it bleeds, it leads' results in a problem - the boring reality is not being presented, because it just doesn't generate enough attention.

I live in an area of Orlando with a reputation by some of being "high crime", but I can't remember the last time I saw any evidence for it.

Alot of peoples perceptions of crime are tied in with tropes, political bias, and racism, and don't reflect reality.

 

[FireDragon76]

On earnings reports many retailers complain about financial losses due to crime.

That's an old tactic that retailers use to explain either poor business practices or retail shrink, to deflect away from shadier business practices. In reality, a great deal of retail shrink is due to employees themselves stealing from the company, or negligence within the retailer's business.

 

[Hans Blaster]

I live in an area of Orlando with a reputation by some of being "high crime", but I can't remember the last time I saw any evidence for it.

Alot of peoples perceptions of crime are tied in with tropes, political bias, and racism, and don't reflect reality.

Each of the few times I have been to Orlando I have walked through a neighborhood that has signs warning of the high crime rate.

 

[FireDragon76]

Each of the few times I have been to Orlando I have walked through a neighborhood that has signs warning of the high crime rate.

There is some crime that happens at banks occasionally, the same as any city. As well as drunken brawls at downtown bars and nightclubs, and domestic altercations.

 

[RileyG]

How sad.

 

[Laodicean60]

That's an old tactic that retailers use to explain either poor business practices or retail shrink, to deflect away from shadier business practices. In reality, a great deal of retail shrink is due to employees themselves stealing from the company, or negligence within the retailer's business.

I agree that bad employees steal but you can't discount the theft that has been in the news lately.

https://www.reuters.com/business/retail-consumer/us-retailers-financial-losses-jump-retail-crime-escalates-nrf-2023-09-26/

 

[FireDragon76]

I agree that bad employees steal but you can't discount the theft that has been in the news lately.

https://www.reuters.com/business/retail-consumer/us-retailers-financial-losses-jump-retail-crime-escalates-nrf-2023-09-26/

Retail theft isn't actually increasing much, major industry study finds

Retail shrink, and theft's role as a share of it, is largely in line with historical norms, even as companies call it out more, according to a major NRF survey.

www.cnbc.com

Up slightly, but still below what it was years ago.

 

[Laodicean60]

Up slightly, but still below what it was years ago.

Still a problem.
"The Oakland, California, branch of the 75-year-old company will close its doors in March, because of the crime that has endangered the lives of patrons and staff, the company's chief operations officer, Denny Warnick, said.

Data from Oakland's police force earlier this month revealed that robberies had increased by a massive 38% from 2022 to 2023,
The economic enviorment?

I'm not making this political. The economic environment during that time also had higher inflation which might cause people to steal. Also in bigger cities organized crime.

"Organized crime rings in New York, San Francisco, Los Angeles and Houston are targeting retail inventories, causing more financial loss, according to a report by the National Retail Federation (NRF), a trade group representing U.S. retailers.
Big-box retailers such as Target (TGT.N), and Kroger (KR.N), opens new tab as well as dollar stores have sounded caution over increasing inventory theft and organized retail crime that could worsen this year's headwinds from weakening consumer demand.."
Peace Out

 

[rambot]

Actually, the title says "profitable store closes due to crime". So the store was profitable but still chose to close? That seems confusing.

 

[RoBo1988]

That's an old tactic that retailers use to explain either poor business practices or retail shrink, to deflect away from shadier business practices. In reality, a great deal of retail shrink is due to employees themselves stealing from the company, or negligence within the retailer's business.

The article mentions employee and customer safety.

 

[RoBo1988]

Actually, the title says "profitable store closes due to crime". So the store was profitable but still chose to close? That seems confusing.

From In and Out's press release (which is in the article) :
"Additionally, this location remains a busy and profitable one for the company, but our top priority must be the safety and wellbeing of our Customers and Associates - we cannot ask them to visit or work in an unsafe environment."

 

[Tuur]

Despite the headlines, crime appears to have undergone a historic decline in the US during 2023. Violent crime and property crime both fell substantially, basically reversing the post-pandemic uptick in 2021/2022:

Crime nationwide is essentially an average and does not address crime in Oakland and other areas that have seen an uptick. Note that crime in Oakland was once low enough that In-N-Out put a store there, and now they're pulling out.

 

[FireDragon76]

Crime nationwide is essentially an average and does not address crime in Oakland and other areas that have seen an uptick. Note that crime in Oakland was once low enough that In-N-Out put a store there, and now they're pulling out.

We really don't know how profitable the store was- it could just be an excuse to close a location that isn't really making money, to deflect from bad business practices (it happens all the time in big corporations, to try to screen investors from the reality of the business). The Daily Mail is known for circulating stories meant to inflame rather than inform. It's owned by Rupert Murdoch, after all.

 

[Hazelelponi]

Crime nationwide is essentially an average and does not address crime in Oakland and other areas that have seen an uptick. Note that crime in Oakland was once low enough that In-N-Out put a store there, and now they're pulling out.

Apparently according to the article it's gotten bad right there where the store is:

Warnock wrote in a statement: 'Despite taking repeated steps to create safer conditions, our Customers and Associates are regularly victimized by car break-ins, property damage, theft, and armed robberies.'

^^^ I can see why they are closing.

 

[Hazelelponi]

We really don't know how profitable the store was- it could just be an excuse to close a location that isn't really making money, to deflect from bad business practices (it happens all the time in big corporations, to try to screen investors from the reality of the business). The Daily Mail is known for circulating stories meant to inflame rather than inform. It's owned by Rupert Murdoch, after all.

Does Today help you? NBC claims to have verified this.

For the first time, In-N-Out is closing one of its locations citing crime issues

The Oakland, California, location has been in operation for nearly 20 years.

www.today.com

It is, after all, the first store
In-N-Out has ever permanently closed. They have moved store locations before, but never simply closed any.

It means they don't feel there is any area of that city where they wouldn't have similar issues.

 

[JustOneWay]

They should close all of their stores as their terrible tasting french fries are an ongoing crime on consumers....


LOL