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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 ...
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 ...
Last year, the National Retail Federation retracted a false claim it made in a 2021 report that attributed nearly half of retail shrink to organized retail crime.
According to a Public Policy Institute of California (PPIC) study of data from the DOJ, a statewide increase in overall retail theft between 2019-2023 was mostly driven by "11 of the state's 15 ...
Retail theft has become a priority for California leaders in recent years. In September, Gov. Gavin Newsom sent $267 million to cities and counties to increase arrests and prosecutions of ...
Retail theft is on the rise, leaving retailers grappling with how to protect their inventory without alienating customers. ... Car insurance in America now costs a stunning $2,329/year on average ...
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Others, including Home Depot, have invested in police-like investigation centers to sift through data and pinpoint theft-group members. CNN got access to a high-tech Home Depot investigation ...