Retailers reported a 93% increase in the average number of shoplifting incidents per year in 2023 versus 2019 and a 90% increase in dollar loss due to shoplifting over the same time period, according to a new study released this month by the National Retail Federation.
Conducted in partnership with the Loss Prevention Research Council, “The Impact of Retail Theft & Violence 2024” examines how theft and violence have evolved since before COVID and how retailers are combating today’s retail crime landscape.
According to the study, retailers surveyed experienced an average of 177 shoplifting incidents per day in 2023. However, that number can reach over 1,000 depending on the retail sector.
Violence remains a major concern for the retail industry. About three-quarters (73%) of those surveyed say that shoplifters are exhibiting more violence and aggression than they were a year ago, and 91% say that shoplifters are exhibiting more violence and aggression compared with 2019. Still, retailers continue to take measures to keep those within their retail environments safe. Compared with their last fiscal year, 71% of retailers have increased their budgets to support employee training related to workplace violence.
Multi-person theft incidents are also on the rise, with 62% saying that two to three individuals working together to steal multiple items is more of a concern than it was a year ago. Those incidents that are conducted in a coordinated effort under organized retail crime (ORC) groups continue to permeate the industry. Seventy-six percent say shoplifting connected to ORC is more of a concern than it was one year ago. Furthermore, retailers with the capability to track such incidents specifically saw a 57% increase on average in ORC incidents from 2022 to 2023.
“Retail crime is a complex and sophisticated challenge, with trends that continue to metamorphose,” University of Florida Research Scientist and Loss Prevention Research Council Executive Director Dr. Read Hayes said. “The retail industry is working in lockstep with the research community and solutions providers to develop, test and improve the next generation of asset protection tools and strategies in the ongoing battle against ORC.”
Retailers view federal legislation as a necessity to effectively combat organized retail crime. Nearly all (94%) respondents believe federal legislation is needed to effectively combat this issue.
