The Kobeissi Letter: Theft

X: Theft has been rising rapidly in the retail sector with Walmart even saying they may need to raise prices. Large retailers say their annual apprehension of shoplifters climbed by more than 50% in 2022. Even more worrisome, 78% of retailers have seen a rise in “guest on associate violence.” 71% of retailers have seen a rise in organized retail crime and 57% have seen an increase in internal theft. Is inflation to blame for

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