National Retail Federation says 2021 data was flawed and based on congressional testimony from president of an advocacy group
The powerful National Retail Federation (NRF) lobbying group has retracted a claim that “organized retail crime” accounted for “nearly half” of the shopping industry’s $94.5bn losses due to theft or “shrink” in 2021.
The industry group had said the impact of organized retail crime, which it previously claimed had increased by 26.5%, had become increasingly violent. Retail giants like Target, Walmart and Walgreens said it was threatening their businesses.
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