Theft, fraud and losses from other retail “shrink” totaled $61.7 billion in 2019, up from $50.6 billion the year before as industry security executives reported increases in the number of shoplifting, organized retail crime and employee theft incidents, according to the annual National Retail Security Survey released by the National Retail Federation.
The National Retail Federation announced its annual exposition and conference will take place in-person at the Jacob Javits Convention Center in New York City June 6-8, 2021. In addition, NRF is hosting a virtual event January 12-14, 19 and 21-22, 2021.
As governors and local policymakers wrestle with how to stage the reopening of their states' economies in the shadow of the COVID-19 pandemic, questions abound. Which businesses are the most essential to the economy and social well-being? Which locations should reopen first—and which should be last?
More than 348,000 shoplifters and dishonest employees were apprehended in 2019 by 21 large retailers who recovered more than $136 million, says the 32nd Annual Retail Theft Survey by Jack L. Hayes International.
The National Retail Federation welcomed a nearly $500 billion package set for a vote in the Senate that would increase funding for loans to small businesses and provide other economic aid during the coronavirus pandemic.
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