Retail Corporations at Odds with the Media on Rising Crime

November 06, 2023 Retail Corporations at Odds with the Media on Rising Crime  image

With the holiday shopping season approaching, consumers appear conflicted about risking their usual shopping plans amid rising crime rates nationwide.  

What the Data Says 

Media Intelligence Group reports that public discussions reveal an emerging apprehension and caution regarding shopping dangers. 

  • Reports of increased theft and organized retail crime in many major cities have been generating headlines all year.  
  • Various reports also revealed that retailers lost more than $112 billion in 2022 due to crime.  
  • Major brands like Target, Walmart, Nordstrom, Macy's, and others have closed store locations because of increasing theft. 

Now, the danger of in-store criminal activity has people expressing their hesitation to shop during what has traditionally been the heaviest shopping season of the year.  

  • Some people argue that positive economic indicators like 2.0% and 2.1% GDP growth in Q1 and Q1 of 2023 point to a hospitable environment for spending.  
  • However, concerns also persist about inflation's toll on families’ spending power, making purchases challenging. 

What Americans are Saying 

The MIG report suggests caution rather than fear is the prevailing mood among Americans.  

  • Shoppers seem alert to potential dangers but not fully deterred.  
  • Many do say they’ll think twice before venturing out or spend less time browsing in stores. 
  • Meanwhile corporations seem quiet in the public forum but are likely keeping a close eye on shrinking revenues. 
  • People are hesitant due to increased risks of theft and organized retail crime. 
  • Some express fear about potential mass shootings in places like malls and shopping centers. 
  • And most Americans feel uncertain about the overall economy affecting their spending power. 

Media Denial 

At the same time, many media outlets push back on the narrative that retail crime is significantly increasing nationwide based on available data.  

  • Many headlines suggest that retailers may be overstating or sensationalizing the issue.  
  • Some journalists express a desire for “more objective” data collection on retail crime trends before concluding there is a major national surge occurring. 
  • Despite media pushback, these pressures may cause retailers to see decreased profits through the end of 2023. 

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