The main reasons retailers are posting weaker profits this year have nothing to do with theft

Tech Insider
A man walks past shelves of items locked behind a case in a grocery store.
The National Retail Federation estimates shrink topped $94 billion in 2021, which would put this year's figure well north of $100 billion if the rate remains the same or increases.

Jahi Chikwendiu/The Washington Post via Getty Images

Macy's, Dick's, and Lowe's are sounding alarms on US shoppers

Tech Insider
Lowe's
A shift in consumer spending is challenging retailers that sell discretionary merchandise like apparel and home goods.

Reuters/Mohammad Khursheed

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