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External theft, including organized retail crime, represented 36% of losses, versus 37% in 2021. Other contributors were employee/internal theft (29%), and process/control failures (26%). From 2022 through August 2023, 9 U.S. states passed laws to impose harsher penalties for organized retail crime offenses. Notable cases
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 ...
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% ...
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 ...
On Sept. 26, Target set off a national firestorm when it said it would close nine stores in four states because theft and organized retail crime had made them too dangerous to run. Target blamed ...
Violent crime rate by state (2022) [1] This is a list of U.S. states and territories by violent crime rate. It is typically expressed in units of incidents per 100,000 individuals per year; thus, a violent crime rate of 300 (per 100,000 inhabitants) in a population of 100,000 would mean 300 incidents of violent crime per year in that entire population, or 0.3% out of the total.
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 ...
“Recent trends in retail theft and robbery vary across the state and by type of offense – but the data indicate a rise in shoplifting, especially in the Bay Area, and a broader rise in ...