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

Join us on January 26 at 11 am ET for a webinar with Lenzing, TextileGenesis and sustainable brand ArmedAngels for a discussion on how they’re using Fibercoin technology to realize traceability’s benefits to sustainability, brand loyalty and risk mitigation.

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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