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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% ...
But stores have gotten more aggressive in efforts to confront retail theft. ... tracked shoplifting trends in 24 cities from 2019 to the middle of 2023 and found that rates were down in more than ...
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 ...
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 ...
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 .
It has the highest violent crime rate of the Top 10 American cities with a population greater than 1 million residents as well as the highest poverty rate among these cities. It has been included in real estate analytics company NeighborhoodScout's "Top 100 Most Dangerous Cities in America" list every year since it has been compiled.
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.
Theft, both internal and external to the company, continues to be the driving force behind retail inventory shrinkage, at 78.3% of all shrinkage in 2008. Of that portion, 42.7% is attributed to employee (also known as internal) theft and 35.6% was due to external theft, known as shoplifting .