[…] PYMNTS’ own recent coverage of earnings season recounted how some of the largest merchants have been affected. In the most recent fiscal year, Target incurred a loss of about $763 million due to shrinkage. The company has projected that shrinkage will have an even more significant impact in its ongoing fiscal year — cutting as much as $1 billion from its profits. Foot Locker experienced a 4% drop in its margins, tied in part to theft, compared to a year ago. […]