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freebeacon.com
Walmart CEO Doug McMillon told CNBC Tuesday that theft is "higher than what it has historically been." Walmart is just one of several top retailers reporting concerning levels of retail theft.
The National Retail Federation in September reported the total losses from shrink—a retailer term for theft and other inventory loss—reached $94.5 billion in 2021. Retail crime incidents rose an average of 26.5 percent last year, Fox Business reports. Retailers like Walmart, Target, and Rite Aid note particular problems in storefronts in urban locations,
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www.seehafernews.com
A recent survey of small business owners across the country showed that 54 percent of them experienced an increase in shoplifting last year, much of it stemming from organized crime.
During an interview on the WCUB Breakfast Club, Neil Bradley, Executive Vice president, and Chief Policy Officer with the national Chamber of Commerce told us, “What they told us is 56 percent say they’ve been a victim of this in the past year and a majority say it’s getting worse. Our good friends at the National Retail Federation tried to put a dollar amount on it. What they found was that for every billion dollars in retail sales $700,000 was lost to theft. That number is up dramatically in the last 5 years.”
Top Retailers Say Theft Has Reached Historic Highs
Walmart CEO Doug McMillon told CNBC Tuesday that theft is "higher than what it has historically been." Walmart is just one of several top retailers reporting concerning levels of retail theft.
freebeacon.com
Walmart CEO Doug McMillon told CNBC Tuesday that theft is "higher than what it has historically been." Walmart is just one of several top retailers reporting concerning levels of retail theft.
The National Retail Federation in September reported the total losses from shrink—a retailer term for theft and other inventory loss—reached $94.5 billion in 2021. Retail crime incidents rose an average of 26.5 percent last year, Fox Business reports. Retailers like Walmart, Target, and Rite Aid note particular problems in storefronts in urban locations,
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Rise in Retail Theft Incidents Reported Around the Country and Locally
A recent survey of small business owners across the country showed that 54 percent of them experienced an incr...
www.seehafernews.com
A recent survey of small business owners across the country showed that 54 percent of them experienced an increase in shoplifting last year, much of it stemming from organized crime.
During an interview on the WCUB Breakfast Club, Neil Bradley, Executive Vice president, and Chief Policy Officer with the national Chamber of Commerce told us, “What they told us is 56 percent say they’ve been a victim of this in the past year and a majority say it’s getting worse. Our good friends at the National Retail Federation tried to put a dollar amount on it. What they found was that for every billion dollars in retail sales $700,000 was lost to theft. That number is up dramatically in the last 5 years.”
