039: Breaking Down the $100 Billion Retail Shrinkage Dilemma 08-24-23
Imagine the impact of an unexpected $100 billion loss! That’s the shocking number that retail shrinkage, or unaccounted inventory loss, racks up annually according to a recent National Retail Federation survey. As theft becomes a growing issue, Chief Investment Officer Megan Horneman of Verdence Capital Advisors pulls back the curtain on the daunting situation that retailers, already operating on thin margins, are confronting. Brace yourself as Megan unpacks the strategies these businesses might resort to, from stepping up security measures to the grim prospect of shutting down storefronts.
But this isn’t just a retailers’ crisis. Megan examines the ripple effects such measures could have on consumers and the labor market. Could we be facing a hike in prices and a surge in job losses? What more complications could be stirred up in an already challenged labor market?
