Organized retail crime costs retailers nearly $720K per $1B in sales: NRF

Organized retail crime isn't going anywhere, according to the NRF. 2020 marks the fifth year in a row it has cost retailers more than $700,000 per $1 billion in sales. Per the report, more than six in 10 retail respondents think a federal organized retail crime law is necessary to address the issue. Retailers have been investing in resources to combat these crimes as organized criminals target stores, warehouses and cargo, but need additional assistance from law enforcement, said Mark Mathews, NRF's vice president for research development and industry analysis, in a statement.