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Retail Theft a ‘National Crisis’: What Must be Done to Help Businesses and Consumers

Posted at 3:46 PM, Jul 21, 2022
and last updated 2022-07-21 15:46:07-04

Retailers that were already struggling to rebuild their businesses and attract customers due to the COVID-19 pandemic are now faced with large-scale theft and looting, much of it stemming from organized crime. 

The problem is so bad that 54% of small business owners experienced an increase in shoplifting in 2021 and the average large retailer lost $700,000 per $1 billion in sales as of 2020 — an increase of more than 50% over a five-year period, according to the National Retail Federation. 

These crimes are not victimless. In addition to the growing number of thefts that turn violent, innocent consumers, employees, local communities, and business owners and shareholders bear the costs of rising retail theft. 

What can be done, how big of an issue is retail theft, and what role can Congress play? 

For more information visit uschamber.com/retailtheft

Tampa Bay's Morning Blend

9:57 PM, Oct 16, 2018

Tampa Bay’s Morning Blend is an original, local lifestyle show focused on providing our audience with informative, useful and entertaining content. It features a variety of community organizations, businesses and happenings in the Bay area. It is a marketing-friendly program dedicated to offering businesses the opportunity to showcase their company/products, reach potential customers and gain results.

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