Retail Theft in US Cities Spikes to $112.1 Billion in 2022; Store Closures by Major Chains Increased Amid Safety Concerns and Unsustainable Business Performance

Report Shows Los Angeles, San Francisco and Houston Ranking Highest for Retail Theft; Companies Such as Target, Walmart Closing Dozens of Stores Nationwide Due to Unchecked Crimes and Deteriorating Profitability.