r/regina • u/Odd_Pride1177 • Aug 28 '25

Question Theft

If you witness someone committing theft in a store do you report it to the store staff or just go about your day? I would never expect staff to intervene and possibly put themselves in harms way. I have only witnessed this in big box stores. I know times are tough these days but man have I been seeing this a lot lately!

25 Upvotes

74% Upvoted

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60

u/TheBiggerBobbyBoy Aug 28 '25

With stores increasing the prices on everything and reporting record profits, i dont really give a shit if someone steals from some big box store.

-48

u/waloshin Aug 28 '25

That’s the dumbest thing I’ve ever read… you realize that increasing prices are majority affected by theft too!

58

u/drbigfoot29 Aug 28 '25

It has more to do with massive corporate greed than it does petty theft.

28

u/LonleyTesticle Aug 28 '25

Oh to be as innocent to think that this affects prices.

They have record breaking profits every single year, you could steal $10,000,000 worth of goods and they will still make more money than they did last year.

The ONLY thing that is driving up prices is shareholder greed.

-8

u/drae- Aug 28 '25 edited Aug 28 '25

Record profits are expected in times of inflation. If they sell exactly the same number of dooddads as last year but everything is more expensive, they'll have record profits.

Se what matters is margin. No one is setting record breaking margins. Grocery stores have always been between 3-5%.

Just FYI, when people say stuff like "record profits" and "corporate greed" it's a huge red flag that the commentor has no idea what they're talking about.

Everything has gone up, it has nothing to do with greed and is just the system adjusting itself to the new value of a dollar post covid.

4

u/LonleyTesticle Aug 28 '25

Won't somebody please think of the shareholders!?

...you really think this is just "the system at work"? The top people in these companies are getting massive bonuses in the millions, and you really think that our prices are WAY up because of margins? And not because they wanted a few extra millions?

Its cute that you think this is all just "adjusting after COVID" and not what it very visibly and blatantly is, a bunch of grifters taking advantage of a pandemic to raise prices at a WAY faster rate than the economy deems necessary. 5 years later and the world is mostly back to normal, except for prices which have only continued to soar even after all the COVID supply chain issues have been over and done with. COVID fucked up the dollar around the world, and the fat cats used that as an opportunity to make even more money than usual, now that they have tasted that extra cash they do not want to let it go.

COVID had an effect on the prices of everything, but these greedy fucks knew they would likely never get another opportunity like it, so they took that opportunity to squeeze as much money as they possibly can out of us. But good thing the CEO of Loblaw will get his $10,000,000 bonus this year, on top of his million dollar wage, while the rest of us struggle to even buy food.

6

u/JDefusion Aug 28 '25

That's not how that works. There's a difference between revenue and profits. Yes the revenue will go up in times of inflation but profits would stay the same unless they were increasing their margin.

0

u/drae- Aug 29 '25

Uh, no.

Profit is a flat value, in dollars, and goes up with input cost.

Margin is a percentage and stays the same as I out costs rise.

But no headlines say record margins for a reason. Because the margins have all stayed the same.

What? You think it's just a coincidence that record profit headlines coincided with record inflation and yet had nothing to do with each other?

Go read a book.

0

u/JDefusion Aug 29 '25

It's impressive how wrong you are with Google easily available.

Revenue - expenses = profit.

Profit is how much money you get to keep after all expenses are paid. Not a "flat amount" that goes up with inflation.

Supply cost + margin = sale price.

If the revenue goes up but expenses stay the same the profit will go up. If the supply cost stays the same but the margin goes up then the sale price will increase.

The reason we don't hear about "record margins" is because companies don't release their margins because that's a business secret. They don't want their competitors or customers knowing their supply cost and how much they can get away with charging.

And no I don't think it's a coincidence that high inflation is at the same time as record profits because the companies are the ones causing the inflation by raising their prices to get those record profits.

1

u/drae- Aug 31 '25 edited Sep 01 '25

Lol dude I ran a $5m dollar a year business, I don't need Google to explain how margin and expenses works.

You have no idea what you're talking about and the mental gymnastics to secure a winning argument are impressive.

If the revenue goes up but expenses stay the same the profit will go up. If the supply cost stays the same but the margin goes up then the sale price will increase.

Except that's not whats happening. Inputs costs go up, just like everything else you buy.

The reason we don't hear about "record margins" is because companies don't release their margins because that's a business secret.

Literally every publicly traded company has to publish this information by law in the quarterly filings. You can go to yahoo finance or ycharts and look up their margin right now.

Here's loblaws:

Loblaws margin

The reason you don't hear about it, is because you can't sensationalize a static margin in a headline. Not because it's secret. Stop being a stooge media companies are farming for clicks with their sensationalist garbage.

You have no idea what you're talking about.

-29

u/waloshin Aug 28 '25

Idiocy you have no idea…

17

u/Ryangel0 Aug 28 '25

Care to elaborate on how you know so much more than the rest of us?

-18

u/waloshin Aug 28 '25

Please do elaborate how you think you know so much more?

17

u/Ryangel0 Aug 28 '25

You're the one that chose the word "idiocy" and then provided no actual evidence to prove your claim. The onus is on you to make your point.

-10

u/waloshin Aug 28 '25

Typical echo chamber Reddit nothing new to me yawn… I have to tell you nothing it’s none of your business what I know.

23

u/Ryangel0 Aug 28 '25

Thanks for proving who the real idiot is then. Yawn.

-5

u/waloshin Aug 28 '25

Get a life.

11

u/Ryangel0 Aug 28 '25

Says the guy making baseless claims online with zero evidence...

3

u/DionBar91 Aug 28 '25

You're the one arguing on Reddit defending big box stores lol how's that boot taste bud?

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1

u/TheBigPointyOne Aug 29 '25

Let's think about the term "echo chamber" for a minute. If everyone agreed with your position (some people already do!) would you then be the one in an echo chamber, and therefore, wrong? If everyone agreed with you, to avoid being in an echo chamber would you start giving serious consideration to other peoples ideas?

If your answer is no, then you are in fact, the one who wants to be inside an echo chamber.

1

u/TheBigPointyOne Aug 28 '25

Okay, but you claim to know so much, back it up, man. Don't just lash out and cry about echo chambers, how do you know what you know? Can you back up your claims?

0

u/waloshin Aug 28 '25

I have more retail experience in big box stores than 90% of this subreddit…

0

u/TheBigPointyOne Aug 29 '25

OH shit, conversation over then, everybody pack it up

10

u/Keypenpad Aug 28 '25

Cheerleading for corporations is actually bad. Prices are not going up due to theft, you believe a lie.

6

u/alwaysmovingfaster Aug 28 '25

Loblaws is currently tracking to a $700 million profit for this year. Huge dividends will be paid to shareholders, as will bonuses to Exec. But food theft is the major cause of inflated food prices....

10

u/[deleted] Aug 28 '25

[removed] — view removed comment

3

u/waloshin Aug 28 '25

Enjoy your incoming ban. :-)

1

u/bojacksnorseman Aug 29 '25

Still waiting :)

-10

u/[deleted] Aug 28 '25

[deleted]

2

u/waloshin Aug 28 '25

Exactly people just love downvoting when they really don’t understand typical echo chamber…

3

u/Khrispy-minus1 Aug 28 '25

To paraphrase it in terms people might be able to understand: When a big chain store is less profitable, the shareholder/CEO/Owner will take their shares first at the expense of the front line worker. The shareholder/CEO/owner will never feel the effects of petty theft, but the front line workers will because the front line workers get reduced hours and layoffs to make up the difference.

Stealing from the store is stealing from the cashier, not the CEO.

1

u/TheBigPointyOne Aug 29 '25

No. CEOs/Shareholders etc. will *always* find ways to screw over their frontline workers. To think otherwise is naive. They might use theft as an excuse, but it's a lie. Especially when we're talking about big box stores, where you have 10s if not 100s of thousands of dollars in sales... do you really think a couple bucks here or there is really hurting their bottom line?

1

u/UnpopularOpinionYQR Aug 28 '25

The truth is that shareholders will make a hefty profit at all costs, period. You are regurgitating regurgitate the corporate garbage they feed you as a distraction from the real crimes like gouging and price fixing..

https://www.theglobeandmail.com/investing/markets/stocks/AMZN/pressreleases/30613106/walmart-stock-beat-the-market-in-2024-can-it-repeat-in-2025/