[ad_1]
Brick-and-mortar retail’s indisputable edge over e-commerce is that consumers can get what they want immediately, and can touch and feel the product before buying it. Rising theft—and stores’ measures to prevent it—could dull that edge.
The National Retail Federation estimates that shrink—an industry term for loss in inventory—amounted to roughly 1.4% of retail revenue in 2021, or roughly $94.5 billion. Most of that shrink is caused by theft. In a CNBC interview earlier this month, Walmart Chief Executive Doug McMillon said that if the retail theft issue is not addressed over time, “prices will be higher and/or stores will have to close.”
[ad_2]
Source link
24World Media does not take any responsibility of the information you see on this page. The content this page contains is from independent third-party content provider. If you have any concerns regarding the content, please free to write us here: contact@24worldmedia.com
[ad_1] Requirements for a new superintendent This is my sixth year as Riverhead Central Faculty...
[ad_1] A parcel of land off Sound Avenue that will be preserved. (Credit: Grant Parpan) RIVERHEAD ...
[ad_1] All address information, particularly arrests, reflects police records. In the event of a...
[ad_1] MARBLEHEAD — The Village 13 substation project has started its bidding process. At the Municipal...
[ad_1] NAHANT — Dog-Handler Nancy Koury and her Swiss mountain dog Freddy, who live and train out of...
[ad_1] LYNN — On Tuesday evening, the City Council voted unanimously in favor of the Housing Stability...
Large part of Lynn Woods remains closed
Swampscott water tests lead-free – Itemlive
Mother needs help providing the Christmas experience
A cheerful fundraiser for Saugus team
Carl Daniel Reiter – The Suffolk Times
Joan Ann (Woessner) Polywoda – The Suffolk Times
Thomas L. Lewick – The Suffolk Times
Jeanette Howard – The Suffolk Times
Nina Mazzaferro – The Suffolk Times
Lynn mayor announces re-election bid
BARRETT: They ate plenty – Itemlive
Brooke Moloney, the Minutewoman – Itemlive