NEW YORK: Retail executives are sounding the alarm on in-store shoplifting as theft burns a multibillion dollar hole in their balance sheets. While most are vowing to fight back, they're also expressing fears that they may be largely powerless to stop the problem. As if a possible recession and declining consumer sentiment wasn't enough to worry about, retail executives are struggling with increasing amounts of stock disappearing, or shrink in industry parlance. The problem was talked about more on retailer's earnings calls this quarter than any quarter on record, according to transcript data compiled by Bloomberg.

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