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Losses From Organized Retail Crime Reach New High

Rivet’s 2021 winter issue has dropped! This in-depth issue examines the steps the global denim industry is taking to minimize its impact on the environment, from implementing zero waste production and design processes to establishing greenhouse gas emissions goals aligned with the Paris Agreement.

Retail crime is on the rise and losses are skyrocketing. A strong majority of retailers surveyed in the annual Organized Retail Crime study from the National Retail Federation (NRF) said such criminal activity is growing. Losses averaged $777,877 per $1 billion in sales, up 7 percent from last year’s previous record of $726,351. Organized retail…

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