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Nationally, retailers are worried about organized theft. The National Retail Federation’s latest report attributed 36% of the $112.1 billion in lost merchandise in 2022 to “external theft ...
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 National Retail Federation said that retailers’ losses, known as shrink, increased 19% last year to $112 billion, based on a survey of 177 retailers. But shrink as a percentage of sales fell ...
Preventing retail theft before it happens — it sounds like a fairy tale, but artificial intelligence could make it a reality. Videos and images of organized "smash-and-grabs" at stores and malls ...
Operations by the California’s Organized Retail Crime Task Force, which formed in 2019, have led to 1,055 arrests and the recovery of more than $7.8 million worth of stolen merchandise, the ...
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 ...
Break-ins and thefts can happen at any small business, no matter how tight the security. In the retail sector alone, more than half of small businesses said they had been victims of shoplifting in ...
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 ...