According to this Apparel Resources article, due to organized shoplifting and theft in retail, "Businesses have been reducing operating hours, locking up items and threatening to shutter stores completely." 

Excerpt: "Over the past year, the industry in the UK spent a whopping US $ 312 million to keep crime out of their doors. ‘Shrink’ — an industry term covering shoplifting, employee theft and organised retail crime — will decline profits this year for US-based Target by US $ 500 million more than 2022."

Check out this article to see why retailers are resorting to the latest loss-prevention technologies like license plate recognition, sensors, and IoT surveillance to help cut their losses: https://apparelresources.com/business-news/retail/retailers-relying-loss-prevention-technology-curb-shoplifting/

See how TDX Tech can help your business procure, deploy, and install Verkada LP solutions at your retail stores: https://www.tdxtech.com/technology-solutions/verkada-security-solutions/