Retailers lost up to $80 BILLION to theft in 2022 - up by $13 billion in a year
1 year, 2 months ago

Retailers lost up to $80 BILLION to theft in 2022 - up by $13 billion in a year

Daily Mail  

Retailers lost almost $80 billion to shoplifters last year, an increase of nearly $13 billion, amid a frightening rise in violent thefts in Democrat-run cities. And with up to 70 per cent of shrink accounted for by theft, it means retailers lost approximately $78.4 billion to shoplifters. The NRF's survey found that thefts, such as this one pictured taking place at a Nordstrom Rack store in Riverside, CA, is costing the sector billions of dollars every year The shocking figure has also jumped by almost a fifth from 2021, when it was around $65.7 billion. In addition to shoplifting, the NRF said retailers have It also said 'sizeable minorities' reported increases in 'delivery fraud; stolen goods being sold on third-party sites; return fraud; and loyalty fraud and abuse'.

History of this topic

Shoplifting ring stole $2M in cosmetics and clothes then resold them abroad, prosecutors say
3 weeks, 6 days ago
Shoplifting epidemic adds 10p ‘crime tax’ to every transaction as minister vows end to ‘shameful neglect’ of retail crime
1 month, 1 week ago
Stop trivialising ‘devastating’ high street thefts, police urged
1 month, 2 weeks ago
Britain's shoplifting shame: Stores are suffering two thefts every minute as retail theft hits highest level since records began
1 month, 4 weeks ago
Shoplifting at an all-time high with 1,300 offences recorded every day, new figures show
1 month, 4 weeks ago
New California laws aim to reduce smash-and-grab robberies, car thefts and shoplifting
4 months, 1 week ago
New California laws aim to reduce smash-and-grab robberies, car thefts and shoplifting
4 months, 1 week ago
Inside Britain’s ‘out of control’ shoplifting crisis as even pound shops are targeted
6 months, 4 weeks ago
The Shoplifting Epidemic Touted By Fox News Is Likely Overblown, Data Shows
1 year ago
Retail group pulls back on claim organized retail crime accounts for nearly half of inventory loss
1 year ago
Shoplifting surged a staggering 64% in New York City in the past four years - with Los Angeles also seeing a 61% spike
1 year, 1 month ago
America's shoplifting hotspots: The top 11 cities with the highest rate of retail theft revealed - and San Francisco isn't number one!
1 year, 1 month ago
Shoplifting hits record high of 1,000 offences a day
1 year, 2 months ago
Costco exec reveals how the chain is winning the war against rising retail theft - as Target shutters 9 stores and retailers report losing $80 BILLION to crime last year
1 year, 2 months ago
Target to close 9 stores, including 3 in the San Francisco Bay Area, citing safety concerns
1 year, 2 months ago
CVS says it will close NINE HUNDRED stores by the end of 2024 - 10% of all its shops - as it moves to online strategy amid rampant increase in shoplifting
1 year, 2 months ago
Thieves target stores every TWO seconds in Britain, costing retailers more than £1billion last year alone, shocking figures show - as Suella Braverman backs a Mail campaign to end the shoplifting epid
1 year, 3 months ago
Arrest shoplifters even if they steal goods under £200, says policing minister
1 year, 3 months ago
Column: Businesses keep complaining about shoplifting, but wage theft is a bigger crime
1 year, 3 months ago
Shoplifters could be handed prison sentences under revisions to crime bill
1 year, 4 months ago
1 in 10 young Brits admit shoplifting due to cost of living crisis: Study
1 year, 7 months ago
The US stores that closed their doors due to rampant theft
1 year, 8 months ago
Retailers try to curb theft while not angering shoppers
1 year, 10 months ago
Walgreens executive admits retail theft concerns are overblown: ‘Maybe we cried too much’
1 year, 11 months ago
Rising retail thefts in Connecticut mimic broader US trend
3 years, 1 month ago
Empty shelves in New York drug stores as shoplifting surge hits city
3 years, 2 months ago
Retail sales fell 1.1% in November, biggest drop in 7 months
4 years ago

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