Home Depot in Triage Mode as it locks up more products to combat systematic shoplifting

Many retailers in the U.S. are fighting against a rise in retail theft, with various nationwide reports showing that everyone from Walmart to CVS is dealing with this problem.

According to a 2022 report from the National Retail Federation (NRF), more than 72 percent of retailers say they have seen an increase in the risk of shoplifting since before the pandemic.

The NRF also found that organized retail crime costs stores an average of over $700,000 per $1 billion in sales in 2020—which is an increase of more than 50 percent from five years prior.

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