2023 NRF report reveals $112B losses due to surging organized retail crime in U.S. cities, driven by coordinated robberies and smash-and-grab tactics.
Organized retail crime is surging in large cities across the U.S., according to a recent national survey. The National Retail Federation — the largest retail association — recently released its 2023 report that found participating retailers reported inventory losses, also known as "shrink," upward of $112 billion. Organized retail crime constitutes a group of people who carry out coordinated robberies, usually planned through social media, across businesses.
have done everything they can to make their stores and their places of business safe," Shay continued. "They've added additional security measures, they've protected the goods that are in those stores, they've trained personnel to deal with these situations — and in spite of all that, we still need additional help and additional support." Shay joined Sens. Chuck Grassley, R-Iowa and Catherine Cortez Masto, D-Nev., during Thursday’s news conference.
But you also have to recognize not just the theft, but the danger to the employees, the cost to the consumers. And then the impact upon the individual retailers," he said. Masto added "I cannot walk out into my community into a retail establishment without hearing from somebody, whether it's a friend or family, or somebody that works there that has experienced this.
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