Dick's Sporting Goods plunges 25% after it says retail-theft crime wave lowered profits

Dick's Sporting Goods plunges 25% after it says retail-theft crime wave lowered profits

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None Dick's Sporting Goods plunged 25% on Tuesday after the company revealed weak second-quarter earnings. • None The retailer said it saw a decline in profits due to increased shrinkage, which is code for retail theft. • None "Organized retail crime and theft in general is an increasingly serious…

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