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You may have noticed the laundry and cleaning aisles at your grocery store are nearly empty. Or maybe you’ve had to start presenting your receipt when exiting the market.
Retailers are blaming worsening theft and violence for lost profits and shuttering stores. Target last week became the latest large retailer to announce store closures, citing crime as its driving factor. Meanwhile, Home Depot, Lowe’s, Dollar Tree, Dick’s Sporting Goods and Ulta have all raised concerns about disappearing inventory — known as “shrink” — in their last round of earnings calls. And a recent report by the National Retail Federation found that “retail crime, violence and theft continue to impact the retail industry at unprecedented levels.”
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