Nordstrom says losses from theft at historic high
News
|
Aug 2023
|
Business of Fashion
What: Nordstrom reports that losses from theft are at a historic high.
Why it is important: Major retailers are facing the same problem as executives are becoming more familiar with the rise in shrink.
According to executives, industry organisations, and law enforcement agencies, criminals are progressively stealing millions of dollars worth of merchandise and reselling it illegally.
