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Employee theft and fraud are growing problems for retailers, costing the industry over $61 billion annually in losses. With the rise of organized retail crime rings and increasingly brazen theft by dishonest employees, retailers need effective solutions to combat shrinkage from internal sources. Smart security camera systems equipped with video analytics and remote monitoring capabilities
Retailers are over-stating the impact of theft, new report claims
Internal theft was responsible for 29 percent of retailers' loss related shrink in 2022, NRF found.
Retailers lost an estimated $112.1 billion last year from theft and lost inventory, according to the National Retail Federation.
Shoplifting continues to make headlines in the United States, as businesses keep calling it out as a major source of their financial woes -- among them Home Depot, Walmart, Walgreens and Best Buy. Now...