The National Retail Federation on Friday said it has edited a retail crime report released in April, and has withdrawn a claim regarding organized retail crime following an analysis from Retail Dive.
The group had cited an estimate of the financial impact of organized retail crime that turned out to be a six-year-old survey of aggregate inventory losses for all reasons, including those unrelated to theft. On Friday, after the publication of Retail Dive’s story, the group said it had updated its report. It no longer includes any estimate of organized retail crime’s overall impact in dollar terms, the assertion that nearly half of shrink is attributable to ORC, or any mention of the National Coalition of Law Enforcement.
