Disturbing new data after mass store closures across US – with the cities and chains most at risk of shutdowns revealed ...Middle East

DISTURBING new data has shown the cities most at risk for store closures as retail crime continues to rise in the US. The National Retail Federation (NRF) released its 2023 Retail Security Survey, providing insight from 177 brands, accounting for $1.6trillion of annual retail sales in 2022. AndreyPopovNew data has revealed the top 10 states affected most by retail theft[/caption] Retailers reported inventory loss – also known as shrink – averaged 1.6% last year, totaling $112.1billion in losses. This is up from 1.4% in 2021. Theft was the reason behind more than half of reported shrink – 65 percent – according to the survey. As a result, many stores are finding it hard to comb

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