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The lobbying group for the retail industry is stepping back from claims it made earlier this year that “organized retail crime” was responsible for nearly half of the inventory losses in 2021.
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 true severity and scope of the problem remain an enduring mystery of the free market, as national chains eagerly point to retail theft as a key drag on profits, but are reticent to publicly ...
[1] [2] [3] Typically, store workers and employees in these cases quickly become overwhelmed by the large number of participants and cannot stop the theft. [4] [5] The National Retail Federation does not classify these crimes as "flash mobs" but rather "multiple offender crimes" that utilize "flash mob tactics".
And it is an issue: Miami ranked in the National Retail Federation’s top 10 cities most affected by organized retail crime in 2022. The attorney general’s office did not respond to Fortune ...
The National Retail Federation’s 2023 security survey showed businesses’ nationwide shrink rate — losses caused by external theft, employee stealing and systemic errors — was 1.6% in 2022 ...
The National Retail Federation releases an annual retail sales forecast each spring. NRF forecasted that 2024 retail sales would be between 2.5% and 3.5% to between $5.23 trillion and $5.28 trillion. [41] The 2024 sales forecast compares with 3.6% annual sales growth of $5.1 trillion in 2023. [42]
"Shrink," or retail theft, ... 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 ...