During an earnings call on Thursday, Costco’s Chief Financial Officer (CFO), Richard Galanti, expressed the company’s positive position regarding theft. Costo “Fortunate” With Inventory Shrinkage Galanti stated that Costco has been “fortunate” in this regard, as they haven’t observed any significant changes in shrinkage, a term used to refer to theft and other inventory losses in the retail industry. Addressing concerns raised by some stakeholders, … Continue reading Costco’s CEO Speaks Out Against Self-Checkout Theft