Summary
- This is not a one-time opportunistic or need-based robbery," said Cory Lowe, an expert on retail crime and research scientist at the Loss Prevention Research Council, an industry coalition that researches retail crime, its impact and solutions to address it.
- But even then, it was more street robberies and not like retail theft as brazen as this."
- “We’ve talked to retailers across America who say shoplifting is now 2% to 3% of their total sales.
- The report showed that 57% of retailers surveyed indicated a rise in organized retail crime duringthe pandemic.
- Overall, organized retail crime costs retailers an average of $700,000 per $1 billion in sales, according to the NRF.
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