More than plexiglass: Experts weigh in on rising retail crime rate in US

Retail crime in the US is becoming a real issue that is hurting the profitability of major businesses.  Most recently, Brian Cornell, chair and CEO of Target Corporation stated that theft and organised retail crime is expected to reduce the company’s profitability by more than US$500 million compared with last year. Factoring in the roughly US$700 million of inventory shrinkage that occurred in 2022, mainly attributed to retail crime, the company is on track to lose up to a total of US$1.2 bi

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