Theft and fraud cost retailers $62 billion in 2019, up from $51 billion the previous year, according to a National Retail Federation survey.
Retailers' losses due to theft, fraud, and other causes totaled nearly $62 billion in 2019, up from nearly $51 billion the previous year, said the survey, which was conducted by the National Retail Federation and the retail consulting firm Appriss Retail. "Between an increase in incidents and new ways to steal, shrink is at an all-time high," said Mark Mathews, NRF vice president for research development and industry analysis. "Loss prevention experts are facing unprecedented challenges from individual shoplifters to organized gangs to highly skilled cybercriminals."
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Pixar Photoshop has the answer and could create a different shopping experience than amazon
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Unicorn startups that could emerge from the pandemic and recession - Business InsiderThe CEO of an investment platform that's helped startups land $150 million in funding explains 5 opportunities for unicorns to emerge from the recession based on the meteoric successes he's seen so far A new kind of strong Startups, which are not Unicorns, is emerging and investors are noticing it
Source: BusinessInsider - 🏆 729. / 51 Read more »
The pandemic exposed just how desperately America needs to overhaul our prison system - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Ash_Prashar 'Today the large organization is lord and master, and most of its employees have been desensitized much as were the medieval peasants who never knew they were serfs.' ~ Ralph Nader
Source: BusinessInsider - 🏆 729. / 51 Read more »
Citigroup reports 2nd quarter earnings beat amid coronavirus pandemic - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. He's got Trump's favor Citi CEO tells Trump coronavirus is ‘not a financial crisis’ via YouTube Yes, in the midst of this crisis, while small businesses are closing across the country. Citi is reporting better than expected profits.... How about you?
Source: BusinessInsider - 🏆 729. / 51 Read more »
I was trapped on a boat in the Arctic during coronavirus pandemic - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Business Insider's best investing stories of the week ended July 14 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Business Insider webinar with one-click checkout startup Fast - Business InsiderJoin us today at 1:30 p.m! Business Insider payments reporter Shannen Balogh will speak with Domm Holland, Fast's co-founder and CEO, about how he came up with the idea for the company and Jan Hammer, general partner at Index Ventures. This is DOA
Source: BusinessInsider - 🏆 729. / 51 Read more »