- Retail executives generally agree that retail theft is worse than they’ve ever seen.
- Even so, leaders from Costco, Lowe’s, Best Buy, and Tractor Supply have said their businesses aren’t so affected.
- The companies have five striking similarities that are helping them win the war on retail theft.
Dozens of retailers have warned investors in recent months that an increase in inventory shrink — driven primarily by retail theft — is taking a bigger bite out of profits this year.
“Organized retail crime is worse now than I’ve ever seen it,” Tractor Supply CEO Hal Lawton told Insider in August.
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