by Jacob Musselman | Jan 29, 2025 | Industry News
Retailers across the U.S. have reported a 93% increase in the average number of shoplifting incidents per year in 2023 versus 2019, and a 90% increase in dollar loss due to shoplifting during the same period, according to the Impact of Retail Theft & Violence...
by Olivia Shroyer | Jul 31, 2023 | Industry News, Operational Insights
The average store loses nearly $47,000 (or 1.6% of sales) each year to shrinkage, according to the 2022 Cost of Doing Business Study from the North American Hardware Association (NHPA). That’s enough money to hire another employee, buy a delivery vehicle or add to...
