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The National Retail Federation’s latest report attributed 36% of the $112.1 billion in lost merchandise in 2022 to “external theft,” which includes organized retail crime.
The analysts noted that overall shrink — merchandise losses due to external and internal theft, damaged products, inventory mismanagement and other errors — makes up just 1.5% to 2% of ...
Texas codified specific penalties for organized retail theft back in 2007 when the crime cost businesses an estimated $2.5 billion — but since then, the crime has only become more popular.
[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".
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 ...
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.
The National Retail Federation recently called for a federal crackdown on retail crime, saying, “retailers are seeing unprecedented levels of theft coupled with rampant crime in their stores ...
The map aims to track and prevent theft — or, at a minimum, alert other retailers on the app if a crime occurs nearby. This is not just about giving retailers a heads-up.