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Beyond the shocking images seen on news reports and social media, mentions of organized retail crime during retailer earnings calls increased by 43% between January and August of 2023, according ...
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 ...
In its second quarter report, Target's gross margin rate reflected roughly 90 basis points "of benefit from lower inventory shrink." That's compared to a 20-basis-point lift in Q1.
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 ...
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% ...
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 .
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 ...
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.