ARLINGTON, Va.--(BUSINESS WIRE)--On December 5th, 2023, the National Retail Federation walked back a bombshell claim about the severity of organized retail crime on inventory shrink rates at big-box ...

As incidents of retail crime continue to escalate throughout the country, retailers have seen a dramatic jump in financial losses associated with theft. When taken as a percentage of total retail ...

Losses for the retail industry from crime, violence and theft topped out at 112.1 billion in 2022, up from $93.9 billion in 2021, according to a recent survey. A report published September 26 by the ...

Target's escalating inventory shrinkage problem, driven by theft and organized retail crime, is projected to reduce profitability by over $0.5 billion year-on-year. The company's considerable ...

Costco (COST) isn't seeing an uptick in theft like retailers Target (TGT) and Walmart (WMT). On a call following Costco's fourth quarter earnings results, CFO Richard Galanti told investors that ...

A disorienting and blinding fog connected to a store's alarm is a relatively new security measure to stop would-be thieves as organized retail crime spirals out of control. The technology, which was ...

Running errands isn’t as easy as it used to be. Businesses have been reducing operating hours, locking up items and threatening to shutter stores completely. The reason for many of these shifts, ...

New York (CNN) — A year ago, America’s stores declared a shoplifting epidemic. They closed stores in major cities, hired extra security, locked up key merchandise and declared big losses in their ...

Desperate people impacted by the recession resorted to retail theft in greater numbers over the past year, but retailers still spent less on technologies that help hinder theft. That is according to ...

Advanced Digital Watermarking Enhances Self-Checkout Security and Reduces Loss Picadeli and Digimarc have joined forces to curb the increasing problem of retail shrink and food fraud in the fresh and ...

Thefts from retailers and other inventory “shrink” grew to $48.9 billion in 2016 from $45.2 billion the year before even as budget constraints left retail security budgets flat or declining, according ...

CORK, Ireland & MIAMI--(BUSINESS WIRE)--Everseen, the world’s most advanced Edge Computer Vision AI deployed at scale, today released findings from its Retail Threat Curve report, showing that ...