USA fact of the day retail theft and resale is rising

The Coalition of Law Enforcement and Retail, a trade association, which Mr. Dugan heads, estimates that organized retail theft accounts for around $45 billion in annual losses for retailers these days, up from $30 billion a decade ago. At CVS, reported thefts have ballooned 30% since the pandemic began…

“The digital world has become a pretty easy way to move this product,” Home Depot Chairman and CEO Craig Menear told investors in December 2019, becoming one of the first executives to highlight organized retail crime. “It is literally millions and millions of dollars of multiple retailers’ goods.”

Here is the full WSJ story, interesting throughout.

Keep reading this article on Marginal Revolution.

Leave a Reply