October 26, 2023
Virtual webinar

The surge in organized retail crime is significantly impacting consumers, retailers, workers and the communities they serve. NRF has designated October 26 as Fight Retail Crime Day — an annual event that mobilizes the retail business community to advocate for effective solutions in combating this problem.

This year’s study found the average shrink rate in FY 2022 increased to 1.6%, up from 1.4% in FY 2021. When taken as a percentage of total retail sales in 2022, that shrink represents $112.1 billion in losses. The report examines drivers of shrink, increased threat of violence associated with retail crime and other priorities.

Momentum is building in Congress to pass the Credit Card Competition Act. Thousands of retailers and consumers have made their voices heard by urging Congress to act.

Halloween participation returned to pre-pandemic levels this year, according to the National Retail Federation’s annual survey conducted by Prosper Insights & Analytics.

RLA’s reverse logistics expertise will help NRF members ‘close the loop’ and accelerate the emergence of the circular economy.

NRF’s President and CEO, Matthew Shay, speaks with Fox Business about the impact of theft on retail and outlines possible solutions to the crime problem.