by Stephen May | Aug 20, 2024
Inventory shrink costs retailers millions of dollars annually – in 2023 alone, shrink accounted for $142 billion in losses. Even with retailers becoming more adept at tracking the insidious operations of organized retail crime (ORC) and digitally-savvy fraudsters, the...
by Stephen May | May 16, 2024
Across the retail industry, shrink rose from $93.9 billion in 2021 to $112 billion in 2022. Identifying and addressing the underlying causes of shrink presents challenges due to its multifaceted nature. Factors such as theft, fraud, errors, and damaged goods all play...
