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

The Rivet 50 is calling for nominations for leaders in the denim industry in 5 categories: design, influencer, leadership, sustainability and supply chain. Nominations close on May 23.

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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