Retail Theft Surges to $112B in U.S., Hits Cities Like L.A. and S.F. Hardest: New Report
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Retail theft is on the rise in the U.S., with inventory losses hitting $112.1 billion last year.
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The cities most impacted by retail theft in 2022 were Los Angeles, San Francisco/Oakland, Houston, New York City, and Seattle.
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Los Angeles has ranked #1 for retail theft for 5 consecutive years.
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The National Retail Federation released a report detailing the scale of organized retail crime in the U.S.
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A new federal law aims to combat counterfeit sales online by verifying seller information on marketplaces.
