Portside

The National Retail Federation had said that nearly half of the industry’s $94.5 billion in missing merchandise in 2021 was the result of organized theft. It was likely closer to 5 percent, experts say.

A coalition of faith organizations, investors and labor groups—including the AFL-CIO—is urging major U.S. retailers, including Walmart, Gap, Sears and others, to sign on to a binding workplace and fire safety plan to prevent tragedies such as the recent building collapse in Bangladesh that killed more than 1,100 garment workers and two 2012 fires that claimed the lives of more than 400 Bangladeshi clothing workers.