It’s hard to believe that in the same year cutting edge technologies like augmented reality and autonomous shopping have exploded in retail, shoplifting is still aching the minds of executives.
Big box leaders like Target and Walmart have recently revealed the sizeable impact retail theft has had on 2022 revenues, with Walmart’s CEO even threatening to close stores or be forced to raise prices on consumers if things don’t change soon. By the numbers, retailers experienced a startling 26.5% increase in organized retail crime incidents in 2021, and soon to come 2022 figures are expected to continue the trend.
