Worldwide retail losses from shoplifting, employee theft, organized crime and administrative errors jumped 5.9 percent to $114.8 billion for the year ended June 30, according to a new survey.
The losses, known as shrink, represented 1.43 percent of sales of the 1,069 retailers that were surveyed in 41 countries. Total shrink in the U.S. rose to $45.99 billion, or 1.6 percent of sales, up from 1.48 percent a year earlier.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)