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  • Shoplifting has reportedly become a $94.5B problem for US retailers

    12/23/2022 8:55:00 AM PST · by ChicagoConservative27 · 81 replies
    Nypost ^ | 12/23/2022 | By Ariel Zilber
    A nationwide shoplifting epidemic is crippling the finances of brick-and-mortar retailers, who warn that they may be forced to raise prices or even shutter stores in order to offset tens of billions of dollars in lost inventory. The National Retail Foundation is estimating that it lost $94.5 billion last year due to “shrink” — an industry term that means lost inventory — which is being blamed primarily on shoplifting, according to The Wall Street Journal.