Costco CFO makes self-checkout admission six years after the popular chain brought it back – but it still beats rivals ...Middle East

The U.S. Sun - News
Costco CFO makes self-checkout admission six years after the popular chain brought it back – but it still beats rivals
source : The U.S. Sun ( Middle East ) () 13
COSTCO has revealed the truth surrounding their self-checkouts, years after they instated them and cracked down on memberships. The wholesaler is an industry outlier, reporting a lack of thefts among a larger shoplifting increase reported by other retailers. GettyCostco has revealed the impact that shoplifting has had on their stores as they crackdown on memberships and keep self-checkout[/caption] Getty“In the past several years, our inventory shrink has increased by a couple of basis points, in part, we believe, due to the rollout of self-checkout,” said Galanti[/caption] CFO Richard Galanti shared the company’s experience with theft in a recent fourth-quarter earnings call wit

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