BeefPiano , 9 months ago (edited 9 months ago)

It’s worth noting that when retail sales go up, as they did in 2022, shrink also tends to rise. The average shrink rate in the 2022 fiscal year was 1.6%, up from 1.4% the year before. The latest figure is in line with shrink rates from 2019 and 2020.

In 2017 shrinkage accounted for $42 Billion, or 1.85%.. First off, that shows how crazy inflation is - $42 Billion was 1.85% then and $113 Billion is 1.6% now.

The other thing is that in 2017, wage theft accounted for $50 Billion in losses from workers. I would like to see how 2022’s wage theft numbers stack up against the shrinkage numbers.

Also a reminder that retail is using shoplifting as a propaganda piece with no actual basis in reality.