Retail Group Retracts Startling Claim About ‘Organized’ Shoplifting
“The National Retail Federation had said that nearly half of the industry’s $94.5 billion in missing merchandise in 2021 was the result of organized theft. It was likely closer to 5 percent, experts say.
… “A national lobbying group has retracted its startling estimate that “organized retail crime” was responsible for nearly half the $94.5 billion in store merchandise that disappeared in 2021, a figure that helped amplify claims that the United States was experiencing a nationwide wave of shoplifting.
The group, the National Retail Federation, edited that claim last week from a widely cited report issued in April, after the trade publication Retail Dive revealed that faulty data had been used to arrive at the inaccurate figure.”
Whaaa … a lobbyist group that represents stores would lie on behalf of their investors!
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'a lobbyist group that represents stores would lie on behalf of their investors'
I know I'm being dense, but it's not obvious to me what the purpose of such a lie might be…?
I could see the media sensationalizing it, as the cartoon explains, but the retail lobbying group?
In my small town our CVS recently put a locked glass door in front of laundry soap and infant formula. I'm inferring that prices are too high for people to afford these essential items. I realize stores need to protect their merch, but it's a disturbing sign of society out of whack.