💬 Quoted… “Losses from theft are at historical highs."

The above is a direct quote taken Thursday night from Erik Nordstrom, the CEO of (you’ll never guess it) Nordstrom, whose company now joins a growing number of retailers blaming “shrink,” or loss due to theft or damage, for an unexpected drop in profits. Dick’s Sporting Goods, Dollar Tree, Macy's, Home Depot, Target, and Walmart have also called out shoplifting (sometimes in organized fashion) for negatively impacting last quarter’s earnings.

• Yes, but: these numbers are just estimates, and executives are under pressure to explain worse-than-expected earnings reports. Walgreens’ CFO revealed in January that the company had overstated the impact of shrink to its Q4 earnings.

🍿 Stat of the Day: The second annual National Cinema Day, held yesterday, saw attendance at movie theaters nationwide increase by an estimated 700% compared to Saturday, based on preliminary data. A major reason why? Ticket prices for all shows and formats at many major theater chains were temporarily set at $4.

🤔 Did You Know?... Some countries and territories operate on uneven time zones compared to the rest of the world, using offsets that differ by 30 or 45 minutes from the usual interval. For example: India Standard Time is 9 hours and 30 minutes ahead of Eastern Daylight Time.

📰 Worth a Read: Why Tribalism Took Over Our Politics → (WSJ)