During second-quarter earnings reports in August and September, nearly two dozen retailers said shrink has continued to weigh on profits.
During its second quarter earnings call with analysts, the company said shrink was in line with the year-ago period.
Over the last few quarters, more and more retailers have called out shrink as a drain on profits and blamed theft for those losses.
Others that loosely blame shrink and theft for plummeting profits without providing much more explanation may be trying to obfuscate internal issues, said Lapinsky.
Contrary to other retailers, shrink was the largest drag on Ulta's earnings during fiscal 2022, according to a securities filing.
Persons:
Lindsey Nicholson, Dick's, Ulta, Sonia Lapinsky, AlixPartners, that's what's, Macy's, CNBC's Courtney Reagan, Jeff Gennette, Gennette, TJX, John Klinger
Organizations:
Walgreens, Universal, Getty, CNBC, Target, Dick's Sporting Goods, Walmart, Lowe's
Locations:
Queens , New York