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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 ...
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.
Other tactics include investing in additional security members and third-party guard services and training store leaders and employees to "protect themselves and de-escalate potential safety ...
Retail corporations have said that merchandise losses, or “shrink,” related to theft, including organized retail crime as well as employee theft, have ticked up recently. The issue has pushed ...
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 ...
Dean & DeLuca announced closures of 31 of its 36 US locations on July 11, 2019, while suffering from major cash flow problems. [110] Deb Shops went through its second bankruptcy in December 2014 and closed all its stores in March 2015. [111] The company continued as online only plus size retailer from September 2015 until 2018. [112]
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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]