Insight Report 11 minutes PremiumRetail Shrink and ORC: US Small Business Owners’ Perspectives on Retail Theft, Plus New Measures To Combat Theft in New York, the UK and Australia Sujeet Naik, Analyst Sector Lead: Anand Kumar, Associate Director of Retail Research December 14, 2023 What's InsideRetail shrink through theft continues to be a persistent and intensifying headwind for retailers globally. Retailers have increasingly been impacted by a wave of shoplifting and organized retail crime (ORC) that has put a dent in their margins and has become a growing focus for the sector. We present developments in retail shrink and ORC in the UK, US and Australia in November 2023. We also provide commentary on the topic from the recent earnings calls of selected retailers based in the UK, US and Canada. Data in this research report include: The scale of retail shrink losses in the US, 2022 US-based small retail businesses’ perspectives on retail theft Theft skrinkage rate and value in the UK, 2023 Companies mentioned in this report include: Ahold Delhaize, Coles Group, Dick’s Sporting Goods, Dollar Tree, Five Below, Foot Locker, Kroger, Loblaws, Ulta Beauty Other relevant research: Read the first report in the Retail Shrink and ORC series 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. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Navigating Digital Transformation in Retail: Infographic—Europe in FocusShoptalk 2023 Day Three: Web3—Spurring Change Across the Retail ChainUS Consumer Tracker: More Consumers Get Out and About2023 US Tax Tracker #1: IRS Issues $15.7 Billion in Refunds, Up by Almost Two-Thirds