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Purdue Week Pressers


Mavric

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On 9/24/2024 at 10:24 PM, Lorewarn said:

 

 

 

Is that $375k a net figure, or gross? Seems hard to believe we'd only average around $5 a head in concessions.

Not sure BUT I am guessing two things here for the giant increase.

 

1.  Not as much theft.  Super easy to pocket 5-10 dollars here and there when it is cash.

 

2.  When you are not paying with physical cash, you tend to spend more.  A lot easier to spent 5-10 more dollars when it is not green leaving your pockets.  

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1 hour ago, teachercd said:

Not sure BUT I am guessing two things here for the giant increase.

 

1.  Not as much theft.  Super easy to pocket 5-10 dollars here and there when it is cash.

 

2.  When you are not paying with physical cash, you tend to spend more.  A lot easier to spent 5-10 more dollars when it is not green leaving your pockets.  

I agree with what you're proposing, but I saw a study many years ago that across a huge swath of stores and companies, theft from the register was pretty consistently around 2%. So I doubt that had much influence on these numbers.

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1 hour ago, teachercd said:

Not sure BUT I am guessing two things here for the giant increase.

 

1.  Not as much theft.  Super easy to pocket 5-10 dollars here and there when it is cash.

 

2.  When you are not paying with physical cash, you tend to spend more.  A lot easier to spent 5-10 more dollars when it is not green leaving your pockets.  

 

 

I totally believe there'd be a significant increase in revenue, primarily from your 2nd point which is people spending a lot more via card, I'm just confused and surprised by how low the number from last year seems to be.

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7 minutes ago, RedDenver said:

I agree with what you're proposing, but I saw a study many years ago that across a huge swath of stores and companies, theft from the register was pretty consistently around 2%. So I doubt that had much influence on these numbers.

My guess is that it is a little higher with bars, which even though they don't sell booze there yet, that is basically what it is...Still would clearly not account for maybe more than like 3-4%

 

I just meant that stealing AND that people spend more on their cards instead of with cash...might be a nice sized chunk.  

 

Maybe faster too?  Is cashless quicker?  If each register can get through say, 5 more people during a break...that adds up.

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4 minutes ago, Lorewarn said:

 

 

I totally believe there'd be a significant increase in revenue, primarily from your 2nd point which is people spending a lot more via card, I'm just confused and surprised by how low the number from last year seems to be.

I heard that at the first World Series of Poker at the final table, they changed the chips for cash...and I guess it took forever, the players got all tight.  I guess there was a big difference putting 50,000 in cash in instead of chips.

 

I always wondered if that is why arcades started using tokens.  I put so many tokens in this game!

 

 

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17 minutes ago, teachercd said:

Ha!

 

One of the things I always like was coming up with names for things on my defense.  It is fun!

and the signal in was like I was shucking corn.  Also kinda looked like I was peeling a banana but it worked because we didn't have a banana call.  

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10 hours ago, RedDenver said:

I agree with what you're proposing, but I saw a study many years ago that across a huge swath of stores and companies, theft from the register was pretty consistently around 2%. So I doubt that had much influence on these numbers.

But it also helps them pay for vapes ! :rickjames

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