Dick's CEO blames 'alarming' retail theft for a surprising profit drop: 'It's a problem for our entire country'
"The number of incidents and the organized retail crime impact came in significantly higher than we anticipated," Dick's CFO Navdeep Gupta said. Manuel Mazzanti/AP Dick's Sporting Goods reported a 23% decline in quarterly profits, due in large part to theft. CEO Lauren Hobart called shrink "an…
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