The National Retail Federation (NRF) has updated a report that had attributed “nearly half” of 2021’s $94.5 billion in retail shrink to organized retail crime, saying the data point was part of two-year-old testimony to a U.S. Senate committee by Ben Dugan, former President of the Organized Retail Crime Resource Center.
The NRF report was created with risk advisory firm K2 Integrity, and the statement about organized retail crime’s impact on shrink “was an inference made by the K2 analyst linking the results of the NRF NRSS survey from 2021 and Ben Dugan’s 2021 Senate testimony,” according to an NRF spokesperson. The report was updated in late November 2023.
