'Unprecedented' Theft Contributed to $112 Billion in Retail Losses Last Year

Losses from retail crime ticked up in 2022, causing many retailers across the country to change the way they do business, according to a survey released on Tuesday by the National Retail Federation.

“Retailers are seeing unprecedented levels of theft coupled with rampant crime in their stores, and the situation is only becoming more dire," David Johnston, NRF's vice president for asset protection and retail operations, said in a statement.

The annual survey by the trade group collected insights from 177 retail brands across 28 different retail sectors — including apparel, jewelry, grocery, and department stores — and accounted for more than 97,000 retail locations and $1.6 trillion in annual retail sales.

https://finance.yahoo.com/news/unprecedented-theft-contributed-112-billion-193759257.html

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