In 2021 Shoplifting Was a Nearly 100 Billion Dollar Problem in the US
| Claim: | In 2021 Shoplifting Was a Nearly 100 Billion Dollar Problem in the US |
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| Finding: | 2021 data collected by the NRF (National Retail Federation), shows that retail theft was a $94.5 Billion problem. |
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2021 data collected by the NRF (National Retail Federation), shows that retail theft was a $94.5 Billion problem.
The study found that, similar to the last five years, the average shrink rate in 2021 was 1.4%. When taken as a percentage of total retail sales in 2021, that shrink represents $94.5 billion in losses, up from $90.8 billion in 2020. While retail shrink encompasses many types of loss, it is primarily driven by external theft, including theft attributed to ORC. In fact, retailers, on average, saw a 26.5% increase in ORC incidents in 2021. Beyond the loss of goods, these incidents are increasingly alarming. Eight in 10 retailers surveyed report that the violence and aggression associated with ORC incidents increased in the past year.
The National Retail Federation is the largest retail association in the US.
The link to the survey that includes this data is below, as is the press release.
Survey
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