Shoplifting
Recent statistics indicate that the shrink rate for big retailers has been on the rise, with major companies reporting significant losses due to theft and other factors. According to the National Retail Federation (NRF), the annual survey regarding “shrink” - which includes projected inventory losses from shoplifting and employee theft, among other factors - reached $94.5 billion in 2021, marking a staggering 53% jump from 2019.
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