The true cost of shoplifting: Retailers lost up to $80BN in 2022 – up by $13BN in a year as soaring crime grips Democrat-run cities
compunded with inflation and costs being spread to consumer
perfect storm to kill an economy and close business and coupled with woke policies giving control to the powers that be
Retailers lost almost $80 billion to shoplifters last year, an increase of nearly $13 billion, amid a frightening rise in violent thefts in Democrat-run cities.
The National Retail Federation said the sector is under an ‘unprecedented’ threat from crime and violence, with store owners fearing for their livelihoods as well as their safety.
The annual trade survey collected data from 177 brands across the country, accounting for more than $1.6 trillion of annual sales.
It found that shrink, the total losses incurred by retailers, rose by $20 billion in a year to an eye-watering $112.2 billion in 2022.
And with up to 70 per cent of shrink accounted for by theft, it means retailers lost approximately $78.4 billion to shoplifters.