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A national trade group representing retailers incorrectly attributed half of all industry losses two years ago to organized shoplifting, raising questions about how much merchandise thefts are weighing on retail chains financial results.In a report on what it calls organized retail crime, the National Retail Federation NRF initially said theft results in $45 billion in annual losses for retailers, roughly half of the industry s total of $94.5 billion in missing merchandise in 2021. But the lobbying group has since retracted the figure, saying the report from the group relied on an inaccurate figure from Ben Dugan, president of the National Coalition of Law Enforcement and Retail.The statement that half of all missing merchandise, known in the retail industry as shrink, was attributable to crime was a mistaken inference, the NRF said in a statement to CBS MoneyWatch. It was based on a statement Dugan made in 2021 Senate testimony, the group added. It has since
stanley cup amended the report to make clear that Dugan was citing 2016statistics representing total retail shrink mdash; not the share attributable to organized theft.
stanley cup Shrink also encompasses losses related to merchandise that isn t scanned properly, vendor fraud and fraudulent prod
stanley cup uct returns. Organized retail crime refers to rings of criminals acting together to steal a range of goods from stores that can be sold.Although the financial losses blamed on retail crime in 2021 were ove Yzkm Supreme Court s new term brings fresh opportunity for conservative majority to flex its muscle
WALLOPS ISLAND, Va. -- An Orbital Sciences Corp. Antares rocket making only its fifth flight exploded seconds after launch from the Virginia coast Tuesday, erupting in a spectacular fireball and destroying an uncrewed Cygnus cargo ship in a disheartening failure for NASA s commercial space station resupply program. Watch: Antares rocket explodes after liftoff 00:43
adidas samba The mishap occurred about 15 seconds after liftoff from the Mid-Atlantic Regional Spaceport at NASA s Wallops Island Flight Facility as the 139-foot-tall two-stage rocket climbed away on the power of its two Russian-built first-stage engines. We have ignit
adidas originals ion... and we have liftoff of the Antares Orb 3 mission to bring Cygnus on its third resupply mission to the ISS, said NASA s launch commentator as the Antares lifted off. Main engines at 108 percent, attitude nominal. Live commentary as rocket bound for International Space Station explodes 01:00 At roughly that moment, the exhaust plume suddenly intensified, followed an instant later by a detonation of some sort at the base of the rocket. The booster, engulfed in fl
adidas originals ames, then slowly fell back to Earth,
