Tausi Insider

The National Retail Federation estimates it accounted for US94.5 billion in losses last year, up sharply from the previous year. Glenn Lowson/Tausi Insider Gus Carlson is a U.S.-based columnist for Tausi Insider Walk into most any drugstore in a U.S. city to buy a tube of toothpaste, a stick of deodorant or a bottle of Aspirin and you may be surprised: They are locked up in cases, like diamond necklaces or Rolex watches, and accessible only by key-bearing employees – if you can find any to help you. The reason? Theft, often accompanied by violence and aggression in urban locations, has quickly become the biggest plague on U.S. retailers. The National Retail Federation estimates it accounted for US$94.5-billion in losses last year, up sharply from the previous year, and nearly half its members are spending more on loss-prevention technology than ever before. Big retailers are sounding the alarm, warning that the issue is so acute, they can no longer account for it in the normal cost ...

U.S. retail sales rose 7.6% between Nov. 1 and Dec. 24, which encompasses a majority of the holiday season, as steep discounts lured deal-hungry consumers, a Mastercard report showed on Monday. The increase is higher than the 7.1% growth Mastercard had forecast in September, when it anticipated consumers would pull purchases to October in the hunt for early deals. However, this year’s holiday retail sales growth is less than the 8.5% increase last year as decades-high inflation, rising interest rates and the threat of a recession turned consumers cautious. Retailers including Amazon.com Inc and Walmart Inc in the United States offered large discounts during the holiday season to get rid of excess stock and bring back inventories to normal levels. That led to strong demand for everything from toys to electronics during the five-day-long period between Thanksgiving and Cyber Monday. However, sales of electronics dropped 5.3% over the broader roughly two-month period, according to the ...