‘Unprecedented Levels of Theft Coupled With Rampant Crime’ Caused $112 Billion in Loss For Retailers Last Year
According to a survey released on Tuesday by the National Retail Federation, retail crime, violence, and theft caused $112 billion in losses for retailers last year.
The annual survey is conducted by retail loss prevention professionals who analyze data about industry risks, threats, and vulnerabilities.
The NRF reports, “This year’s study found that the average shrink rate in FY 2022 increased to 1.6%, up from 1.4% in FY 2021. When taken as a percentage of total retail sales in 2022, that shrink represents $112.1 billion in losses.”
This number represents a significant increase from $93.9 billion in losses the year before.
“Retailers are seeing unprecedented levels of theft coupled with rampant crime in their stores,
