The National Retail Federation released a report Sept. 26 that said retailers reported “a dramatic jump in financial losses associated with theft” that accounted for $112.1 billion in losses in 2022.
“Retailers are seeing unprecedented levels of theft coupled with rampant crime in their stores, and the situation is only becoming more dire,” NRF Vice President for Asset Protection and Retail Operations David Johnston said in a statement. “Far beyond the financial impact of these crimes, the violence and concerns over safety continue to be the priority for all retailers, regardless of size or category.”
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