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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 ...
Two women in Pennsylvania have been arrested on charges of stealing nearly $3,500 in roast beef and other items from the Arby’s where they worked.. Officials have filed felony theft charges ...
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 ...
The industry uses the term "shrink" to describe any hit to inventory, including from retail theft, employee theft, vendor fraud, damage, administrative errors, and other causes.
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 .
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% ...
Major U.S. retailers collectively lost a whopping $112 billion because of crime last year, according to a recent report from the National Retail Federation (NRF). But Costco (NYSE:COST) isn’t ...
Target is trying to thread the needle as it combats retail's long-running problem: store theft."I feel so much better today than I did a year ago," Target CEO Brian Cornell said in an interview ...