Retail crime threatens to steal holiday spirit, but Congress can fix that ...Middle East

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Retail crime threatens to steal holiday spirit, but Congress can fix that
For many retailers, the holiday spirit is once again being soured by an uptick in organized retail crime — professional-scale robberies involving multiple bad actors that can span cities or even states. While shops across the country are bulking up security measures in anticipation of increased activity, it’s already a longstanding issue for many merchants.  Take a look at companies such as Rite Aid, which lost an additional $5 million last year to retail theft. Or Target, which just revealed that inventory shrinkage has reduced its gross profit margin by $400 million so far in 2022 compared to 2021— a number that is likely to escalate to $600 million, according to its chief financial

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