The lobbying group for the retail industry is stepping back from claims it made earlier this year that “organized retail crime” was responsible for nearly half of the inventory losses in 2021.
The report, which was widely circulated in the media, was issued in April, but a Nov. 30 update removes the sentence claiming that “nearly half” of the inventory losses were due to coordinated thieves. Now the NRF says that data originated from two-year-old testimony that inferred the losses, bringing its accuracy into question.
