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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.
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% ...
In 2008, Pennsylvania had 1,117 State and local law enforcement agencies. [2] Those agencies employed a total of 33,670 staff. [2] Of the total staff, 27,413 were sworn officers (defined as those with general arrest powers). [2]
According to the National Retail Federation's (NRF) National Retail Security Survey, retail shrink was a nearly $100 billion problem for the industry as of 2021, the last year data was collected ...
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 ...
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 ...
To help track the severity of retail theft, Krol’s team has created an AI-powered analytics tool called RAVEN that uses machine learning to consolidate crime data across multiple jurisdictions ...