Of course we are on a skeleton crew & with security rarely ever there, we have been having grab and run thefts literally almost every day. Sometimes more than once a day. It is frightening how brazen these criminals are. They have come to know that JCPenney severely underinvests in security & being a key holder is becoming increasingly unsafe.
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The men's Levi's department is a big problem in our store!
The Shortage will close the store in a short amount of time. If you lose items on a G/R or a few pairs of jeans, you will need to sell the same item multiple times (4-8) over to make up the cost. Basic Business and a true definition of profit. When you have G/R's multiple times a day those are more than likely the ones you are aware of. Then the internal theft rate is always higher than external and in the end the store shuts down.
To your point if you invest say 30K a year ($15 and hour) they would need to impact the highest shortage departments (internal and external) to reduce the overall shortage in the store. If the store has very poor shortage vs. sales, one person may not be enough to impact the overall shrink number even if they are there 40 plus hours a week. In retail maintenance and security are always the first to be cut because they are not impacting customers or service.
Do you know the value of the good stolen vs the cost of hiring extra security? If value of the merchandise is less than paying for that extra headcount, then the store may still be ahead in terms of cost. Not an ideal way to look at the store is still open and you guys still have jobs.