Tag: national retail federation
Retail Sales Increase in January Despite Omicron and Inflation
Retail sales powered through COVID-19’s omicron variant, inflation, and other challenges to post strong increases in January, according to the NRF.
ORCAs in Action: A Testament to Cooperation and Teamwork
ORCAs in Action is an LPM initiative designed to support local and regional ORC efforts driven by these vital ORCA organizations.
$428 Billion in Merchandise Returned in 2020
While the total rate of returns was in line with recent years, online returns more than doubled in 2020 from 2019.
Retailers Report Rising Cases and Increased Losses from ORC
Organized retail crime is continuing to grow, with the number of dollars lost topping a key threshold for the fifth year in a row.
Retail Shrink Increased in 2019 Amid Rising Employee Theft, Shoplifting, ORC
Theft, fraud, and losses from other retail “shrink” totaled $61.7 billion in 2019, up from $50.6 billion in 2018 according to the 2020 NRSS report.
Shedding Light on Retail Theft Statistics
The NRSS indicates that shoplifting accounted for 35.7 percent of the reported shrink in 2017, which is down from 39.3 percent in 2016.
6 Upcoming Loss Prevention Conferences and Events
2019 is in high gear, and we're just getting started. Let LPM help you find your next networking opportunity, retail technology expo, or training course.
Solutions Snapshot: Appriss Retail
To give retailers the competitive edge they need, Appriss Retail developed a cloud-based data integration platform that pulls data from all sources within the retail organization.