Dick's Sporting Goods' Stock Is Tanking On Tuesday Morning

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The company recently revealed to shareholders that it missed consensus for its second quarter profit while also seeing a decline in sales.

CEO Lauren Hobart referenced "the impact of elevated inventory shrink," an issue she says is taking a toll on many retailers.

Inventory shrink can included damaged goods, but in most cases it refers to shoplifting. Multiple retailers have been affected by coordinated shoplifting, including Walmart and Target.

The retailers say they believe the root of this issue is organized crime and that the losses they experience from said shoplifting can be measured in billions of dollars.

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