Heres a Rite Aid article to the contrary.

Rite Aid CEO Heyward Donigan told analysts the company “experienced unexpected headwinds this quarter from front-end shrink, particularly in our New York urban stores.”

Donigan noted the company has begun “shrinking our footprint” in New York City as it proceeds with a plan to close dozens of less-profitable stores.

The company said a $5 million year-over-year increase in “shrink” – a term in the retail industry meaning losses related to theft, fraud or administrative errors – had cut into its profits*. Rite Aid’s chief retail officer Andre Persaud expanded on the point – stating* NYC-area losses from shoplifting had worsened despite the company’s efforts to improve “product protection.”

https://nypost.com/2022/09/30/rite-aid-executives-bemoan-out-of-control-nyc-shoplifting-at-stores/