US EditionBusiness Leaders Urge Congress To Help Combat Organized Retail Theft Trend
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Business Leaders Urge Congress To Help Combat Organized Retail Theft Trend
NC Newsline – If you’ve ever shopped at a big-box store like Walmart or Home Depot, chances are you’ve noticed merchandise locked away behind glass cases or tightly bound by a security tag. A few years ago, retailers used these tools to deter occasional shoplifting. Now it’s estimated that the average American family pays more than $500 annually in additional costs due to the impact of organized retail theft. Scott McBride, the chief global asse…
In recent years, the U.S. retail industry has been facing an increasingly severe wave of theft. According to data jointly released by the National Retail Federation (NRF) and loss prevention research institutions, store thefts in 2023 surged 93% compared to before the epidemic, causing nearly 90% of retail companies to suffer economic losses. Thefts are not limited to individual cases, but are increasingly controlled by "organized retail crime" …
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