Retail theft, other shrink factors drained $112B from stores last year

A flash mob-style ransacking in Philadelphia Tuesday night and other incidents could have retailers on their way to another year of theft losses like the $112.1 billion lost last year.

  • A growing number of retailers are sounding the alarms on retail theft and organized retail crime.
  • As we covered in our first article, Target this week cited theft for the closure of nine stores, and Dick’s Sporting Goods last month blamed an uptick in theft for a lackluster quarterly profit.

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