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KamBlog Issues affecting the retail sector...and some of the more bizzare aspects!

Friday, 30 July 2010

Risks of 'catching' 'em young….?

News that a five-year-old boy has won a defamation case against Lidl, when wrongly accused of stealing a pack of crisps, makes apprehending 'shrinkers' more of a judgement call…
Incremental sales required to recover the loss of a 50p pack of crisps for a retailer on 2% net profit are £25.
However, getting it wrong can mean that extra sales of €375,000 are needed when the court awards €7,500 ex costs….
Have a great lidl weekend, from the Namnews Team!

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