CNN Smerconish November 27, 2021 14:20:00
City every week. i see so many boarded up for whatever reason. >> michael, you know your detail retail well. and you and team reported well earlier this week, nordstrom's stock dropped 30% in a day. in the prior quarter, dropped 20% in a day. because when you lose sales for every $300 that's stolen from a nordstrom's or anywhere else, $3 of that $300 of merchandise is recovered. so nordstrom operating on one cent of every dollar of sales profit. nordstrom's has to sale $300,000 worth of product, michael, to make up for every $300 worth of theft. >> here's some of the shoplifting data. i'll put...
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