Widespread theft costing Canada's retail industry dearly: experts

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The Retail Council of Canada wants to put a stop to widespread theft within the retail industry, and industry leaders are meeting this week to find solutions.

“Retail crime contributed about $5 billion in losses across Canada,” Retail Council of Canada Loss Prevention and Risk Manager Rui Rodrigues said in an interview with CTV National News. Rodrigues said those numbers are from pre-pandemic, and likely higher now.The latest on inflation in Canada

“Trailers stolen from yards, in transport, there is definitely an increase of that as well,” he said. “Most of the stores want it up front, so people see it when they come in. That is part of their advertising. But in other cases, they are moving items and putting them into places that makes it harder to get them out of the door.”

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