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  2. The retail industry's biggest problem is about to become a ...

    www.aol.com/finance/retail-industrys-biggest...

    Retailers on average saw a 26.5% increase in Organized Retail Crime in 2021, according the National Retail's Federation most recent survey.One contributor to the rise in retail crime has been the ...

  3. Retail loss prevention - Wikipedia

    en.wikipedia.org/wiki/Retail_loss_prevention

    A uniformed retail loss prevention employee for Target. Known as a Target Security Specialist . Retail loss prevention (also known as retail asset protection) is a set of practices employed by retail companies to preserve profit. [1] Loss prevention is mainly found within the retail sector but also can be found within other business environments.

  4. Target may have solved one of retail's biggest problems: Theft

    www.aol.com/finance/target-may-solved-one-retail...

    Target is hitting its goals on inventory shrink.On a call with reporters, Its CFO and COO Michael Fiddelke told Yahoo Finance the company has hit a plateau when it comes to shrink, including ...

  5. Costco is winning the war against retail theft, boasts it's ...

    www.aol.com/finance/costco-winning-war-against...

    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 ...

  6. Retail apocalypse - Wikipedia

    en.wikipedia.org/wiki/Retail_apocalypse

    Research published by global retail analyst IHL Group in 2019 suggests that the so-called retail apocalypse narrative was an exaggeration, with "more chains that are expanding their number of stores than closing stores.” [7] That year, retailers in the United States announced 9,302 store closings, a 59% jump from 2018, and the highest number ...

  7. Impact of the COVID-19 pandemic on retail - Wikipedia

    en.wikipedia.org/wiki/Impact_of_the_COVID-19...

    On March 16, 2020, it was reported that retail sales dropped 20.5% after the pandemic hit the country, a percentage that, according to Business Insider, was unseen since the financial crisis of 2007–2008. [82] Retail sales continued to decrease with a 2.8% decline in May 2020 and 1.8% in June from where they were at the same time in 2019. [83]

  8. California lawmakers want to stop ‘alarming rise’ in retail ...

    www.aol.com/california-lawmakers-want-stop...

    The National Retail Federation’s 2023 National Retail Security Survey showed businesses’ 2022 average shrink rate — calculated as a percentage of sales — was 1.6%, up from 1.4% in 2021 ...

  9. List of retailers affected by the retail apocalypse - Wikipedia

    en.wikipedia.org/wiki/List_of_retailers_affected...

    The company continued to struggle through the retail apocalypse, and in late summer of 2022, Bed Bath & Beyond announced plans to close 150 stores, lay off 20% of its corporate and supply chain staff, and eliminate the role of COO and CSO within the company. Liquidity was raised to about $1B after a loan and additional financing were secured.