(CNBC) Target said Wednesday that organized retail crime will fuel $500 million more in stolen and lost merchandise this year compared with a year ago. Target’s inventory loss, called shrink, totaled about $763 million last fiscal year, based on calculations from the company’s financial filings. With the anticipated increase, shrink this year would surpass $1 billion.
Target expects organized retail crime-fueled losses to jump by $500 million this year
This entry was posted in Syndicated. Bookmark the permalink.
