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Theft, Staffing Shortages Are Top Stressors for Retailers: Survey

Increasing rent prices also a concern for brick-and-mortar retailers.




Theft, Staffing Shortages Are Top Stressors for Retailers: Survey

The continued issues with retail theft, rising rent prices and staffing shortages are top concerns for retailers, according to a survey released by NP Digital.

More than half of brick-and-mortar retailers say they feel pressure when it comes to retail theft. Only 10 percent of the 1000 retail professionals surveyed said they did not have any concerns about theft. According to the survey, smaller retailers are disproportionately affected.

In addition, 70 percent said they saw their rent increase within the past year. Nearly half say rising rent affects their profits. Two-thirds said they considered closing because of the rent increases.

More than 75 percent of retailers surveyed said they were concerned about staffing shortages and nearly one-third said they have trouble finding workers.



This Third-Generation Jeweler Was Ready for Retirement. He Called Wilkerson

Retirement is never easy, especially when it means the end to a business that was founded in 1884. But for Laura and Sam Sipe, it was time to put their own needs first. They decided to close J.C. Sipe Jewelers, one of Indianapolis’ most trusted names in fine jewelry, and call Wilkerson. “Laura and I decided the conditions were right,” says Sam. Wilkerson handled every detail in their going-out-of-business sale, from marketing to manning the sales floor. “The main goal was to sell our existing inventory that’s all paid for and turn that into cash for our retirement,” says Sam. “It’s been very, very productive.” Would they recommend Wilkerson to other jewelers who want to enjoy their golden years? Absolutely! “Call Wilkerson,” says Laura. “They can help you achieve your goals so you’ll be able to move into retirement comfortably.”

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