Purdue Week Pressers

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

 
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.  
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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.

 
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.  
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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.

 
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.
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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.

 
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.
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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!




 
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.
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But it also helps them pay for vapes !  :rickjames

 
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