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Joined 1 year ago
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Cake day: July 13th, 2023

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  • In a previous life, I did loss prevention. The average shrink rate in retail in the USA is 2%. That means 2% of the merchandise leaves the store without being paid for.

    An average Walmart does millions in sales each day. Conservatively 2% of one million is $20,000.

    Thousands of dollars of unpaid merchandise leaves a big retailer every single day. It’s part of the cost of doing business. That’s also why online retailers are cheaper. They don’t have to deal with external theft. They still have internal theft.

    Shrink is the industry term. It’s merchandise that isn’t paid for and isn’t there when inventory happens. Theft is most of it, both by customers (external) and employees (internal). It’s also things that aren’t rang up right at the register, damaged merchandise that isn’t removed from the system correctly. It’s a big umbrella term.






  • how do you prioritize your home projects when under budget constraints and they are of equal importance or unimportance?

    I’m a fan of lists for this type of thing. Include how many hours of work and cost today and the costs and time if you skip it for a couple years. As in peeling exterior paint is cheap today, but if not addressed, you’re replacing boards for much more time and cost.

    how do you deal with the overwhelm/frustrations of previous owner issues or poor workmanship?

    They were trying their best to keep it in decent shape. Just as you will do the same.

    their pets urinated in every room with carpet

    There is a product called “Nature’s Miracle”. It has an enzyme that removes urine smell from carpet. It’s sold at pet stores or online. Get the gallon size to start.