The National Retail Foundation is estimating that it lost $94.5 billion last year due to “shrink.”
The $94.5 billion sum represents around 1.4% of retail revenue in 2021, according to the NRF, whose data shows significant year-over-year increases in “shrink” that accelerated during the coronavirus pandemic.
Supply chain shortages have also enabled shoplifters to sell stolen goods at a premium on eBay, Amazon, and other secondary market facilitators, the NRF said.
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