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Retail Shrink Hit $61.7 Billion Last Year—Here’s Why

COVID-19 recovery is on the horizon but the pandemic's impact on sustainability, retail, product development and consumer buying patterns means the denim industry must evolve. Join Rivet on April 20th at 11 am ET for the COVID, One Year Later roundtable.

Retailers are calling for stricter police enforcement and laws to battle theft, fraud and losses from retail “shrink” that increased to $61.7 billion in 2019, up from $50.6 billion the year before, according to the annual National Retail Security Survey from the National Retail Federation (NRF). Industry security executives reported a rise in the number…

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