Glenn FleishmanDec 9, 2023
Retail theft went down and the national retailers federation had to admit 5% not 50% of theft was from criminal gangs. This whole panic was concocted to close underperforming and unionized stores and the media bought it. https://www.nytimes.com/2023/12/08/business/organized-shoplifting-retail-crime-theft-retraction.html?unlocked_article_code=1.Ek0.cMux.iabRLNkE-vqu&smid=nytcore-ios-share&referringSource=articleShare
Retail Group Retracts Startling Claim About ‘Organized’ Shoplifting

The National Retail Federation had said that nearly half of the industry’s $94.5 billion in missing merchandise in 2021 was the result of organized theft. It was likely closer to 5 percent, experts say.

The New York Times
Show threadJohn GordonDec 9, 2023
@glennf I think they only retracted the organized bit, not the losses.
Show threadGlenn FleishmanDec 9, 2023
@jgordon The losses are not unusual.
Show threadJohn GordonDec 9, 2023
@glennf I thought they were returning to normal but had been elevated.
Show threadGlenn Fleishman
@jgordon The article says overall shrinkage is down. There's a lot of suspicion about those numbers historically, too, because most shrinkage is NOT shoplifting.
Dec 9, 2023 at 5:08pmWeb