In an era where shopping has become more than just a transaction, organized retail crime poses a significant challenge to the retail industry. This isn't just about individual shoplifting; it's a coordinated effort that's leaving a profound mark on major retailers. "Some amount of shoplifting is always going to happen. “Shrink” — retail-speak for missing inventory that may have been stolen by outside parties or its own workers, damaged, or just plain lost — is inevitable. According to the National Retail Federation, the average shrink rate increased from 1.4 percent in 2021 to 1.6 percent in 2022. Taken as a percentage of sales, that translates to an increase from $93.9 billion to $112.1 billion in losses. That’s a big number — it’s also one that companies could take more steps to bring down, workers say." #RetailCrime #RetailSecurity #OffDutyPolice America’s shoplifting problem, explained by retail workers and thieves https://hubs.li/Q029-w6c0
