Remove tag epidemic
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More than plexiglass: Experts weigh in on rising retail crime rate in US

Inside Retail

He went on to say that retailers are dealing with epidemic levels of shoplifting, with large quantities of merchandise being stolen, often by repeat offenders. billion due to theft in 2023 alone. He said this is tied to large transnational organised groups, using theft for financial gain.

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The Future of Retail in the New Era of Risk

Retail Prophet

The myopic focus on low price has lead to an epidemic of markdowns and dead stock. Technologies like RFID tagging and blockchain are already helping proactive brands begin better trace their products through the supply chain from point of origin to point of sale. Image Credit: Hip To Save).