Throughout the pandemic, major retailers have warned about surging theft and a rise in brazen shoplifting attempts. But a top Walgreens executive now says the freakout may have been overblown.

Still, 70.7% of retailers in the survey said stopping theft, including organized retail crime, had become more of a priority in the last five years. The survey found that shoplifting accounted for ...

In 2021, retail shrink hit $94.5 billion, up only 4% from 2020 but a 53% jump from 2019. But, in fact, the average shrink rate as a percentage of sales dropped to 1.4% in 2021 from 1.6% in 2020 ...

A Walgreens executive said this week that the company, which cited “organized” shoplifting as a reason to close five stores in San Francisco in October 2021, might have overstated the effect ...

In fact, retail theft has been lower this year in most of the country than it was a few years ago, according to police data. Some exceptions, including New York City, exist.But in most major ...