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Two people, one wearing a pink hoodie and pink sandals, the other pushing a stroller with a toddler in it, walk on the sidewalk past a brick building and a yellow-and-black sign that reads
Dollar General is cutting self-checkout at hundreds of stores.
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walmart checkout
Shrink often comes up in discussions about theft and organized retail crime.
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Target Checkout
Losses from customers stealing products at retailers were only slightly higher than those from theft by employees in 2022, according to data from the National Retail Federation.
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Tide laundry detergent bottles locked up inside CVS store
Tide laundry detergent bottles with a security locking system to prevent theft at a CVS pharmacy, Queens, New York.
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A sales associate processes the purchase of a hard drive at a Best Buy store after doors opened at 5 a.m. on Black Friday, Nov. 26, 2021, in Lone Tree, Colo.
A sales associate processes a purchase at a Best Buy store in Colorado. Retailers say adequate staffing is one way to fight retail theft.
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Lowe's employee
Earlier this year, Ellison said Lowe's spending on employee compensation had increased by $3 billion since 2018, and would grow by another $1 billion over the next three years.
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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.
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Shoppers visit a Tractor Supply Co. store in Wisconsin
"Organized retail crime is worse now than I've ever seen it," Tractor Supply Co. CEO Hal Lawton told Insider – but not at his company.