Australia News

Major Retailer Reports Increased Crime, Theft Impacting Profit Margins

‘An elevated level of stock loss, attributable to theft, has impacted gross margins,’ Super Retail Group said.
Major Retailer Reports Increased Crime, Theft Impacting Profit Margins
Shoppers walk down the Royal Arcade in central Melbourne, Australia, on Oct. 27, 2023. Susan Mortimer/The Epoch Times
Monica O’Shea
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A major Australian and New Zealand retailer has shed light on the impact of crime on the profit margins of the company.

Super Retail Group, headquartered in Queensland, boasts major brands including Rebel, Supercheap Auto, Boating, Camping and Fishing, and Macpac.

Monica O’Shea
Monica O’Shea
Author
Monica O’Shea is a reporter based in Australia. She previously worked as a reporter for Motley Fool Australia, Daily Mail Australia, and Fairfax Regional Media. She can be reached at monica.o'[email protected]