• @esc27
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    1061 month ago

    Despite all the effort spent prosecuting it, there’s virtually no concrete evidence that retail theft — organized or otherwise — is on the rise. Data on retail theft provided to law enforcement and lawmakers comes exclusively from corporate retailers, or organizations funded by them, and is not independently vetted. Last year, the National Retail Federation was forced to retract its claim that organized retail theft cost its members “nearly half” of the $94.5 billion in lost inventory in 2021. One researcher put the actual figure closer to 5%.

    https://www.businessinsider.com/americas-war-organized-retail-crime-target-cvs-victorias-secret-2024-9

    • @[email protected]
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      11 month ago

      Just making shit up so they have something to point to when the investors wonder why number didn’t go up enough.