Insight Report 14 minutes PremiumRetail Shrink and ORC: Is Self-Checkout on the Way Out? US Retailers Scale Back To Fight Theft Sujeet Naik, Analyst Sector Lead: Anand Kumar, Associate Director of Retail Research April 18, 2024 What's InsideContinuing our regular series on retail shrink and organized retail crime (ORC), we focus this month on developments from the US and the UK. We discuss recent legislative changes, retailer announcements and news about loss-prevention technologies. References to shrink and associated keywords in the earnings transcripts of selected US and UK retailers for full-year 2023 were 1.5X the average level of the prior five years. References in 1Q24 remain elevated—nearly 38% higher than in the year-ago quarter—implying ongoing, heightened concern about shrink and retail crime among retailers. Read this report to learn more about these findings as well as the scaling back of self-checkout by major US retailers. Data in this research report include: Number of times “shrink,” “theft,” “shoplifting” and “retail crime” was mentioned by selected US and UK retailers in their quarterly earnings calls, 1Q18–1Q24 Companies mentioned in this report include: 99 Cents Only, Amazon, BJ’s Wholesale, Boots UK, Co-op, Costco, Dicks Sporting Goods, Dollar General, Five Below, Primark, Walmart Other relevant research: Read the previous report in the Retail Shrink and ORC RetailTech: Leading-Edge Loss Prevention—Tackling Theft and Fraud Through RFID, Video Surveillance and More—a free report, sponsored by Sensormatic Retail Challenges Drive Edge Technology Investment—a free report, sponsored by VMware Retail-Tech Landscape: Loss Prevention Watch our Insights Video for more insights from our analysts on loss prevention. Visit the Coresight Research Retail Technology Hub to explore reports, data and competitive landscapes on technology. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: Five Things To Know About Generative AI in ChinaCES 2024 Wrap-Up: Top 10 Tech Takeaways—AI Creates a BuzzUS Store Tracker Extra, May 2023: Aldi Openings Drive Total New Retail Space to 73 Million Square FeetShoptalk 2024 “Shark Reef” Startup Pitch: All You Need To Know