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The National Retail Federation estimates that retailers lost $40.5 billion to external theft, including organized retail crime, in 2022. That represented about 36% of total inventory losses ...
According to DuPage County State’s Attorney Bob Berlin, retail theft accounts for just over 40% of the total number of felony charges his office has handled since Black Friday, the day after ...
However, the National Retail Federation (NRF) said that same month that the effect of theft on retailers’ bottom lines was about the same as in previous years, with total retail shrinkage at $112 billion in 2022 (1.55% of sales), up from $93.9 billion (1.44% of sales) in 2021. External theft, including organized retail crime, represented 36% ...
Retailers suffered more than $112 billion in losses due to shrink last year alone, according to the National Retail Federation, putting the bust at just 0.00125% of the year's total.
In the early hours on the morning of June 8, 2017, employees at a Weis Markets supermarket in Eaton Township, Pennsylvania, United States, were stocking and closing the store for the night. Shortly before 1:00 a.m., 24-year-old Randy Stair barricaded the exits of the store and proceeded to shoot and kill three of his co-workers before fatally ...
Shoplifting (also known as shop theft, shop fraud, retail theft, or retail fraud) is the theft of goods from a retail establishment during business hours. The terms shoplifting and shoplifter are not usually defined in law, and generally fall under larceny .
That cost was up nearly 20% from 2021 when retail shrink accounted for $93.9 billion in losses. It's worth noting that as a percentage of sales, the average shrink rate increased only slightly to ...
The scale of merchandise theft, Kubrin added, is sometimes overblown by a retail industry happy to pin its problems, which include market forces such as inflation and a shift to online shopping ...