Efforts to combat a rise in retail theft mean everything from toothpaste to laundry detergent to baby formula is kept under lock and key.
Driving the news: Locked cases may stop thieves, but they are also deterring honest shoppers from making in-store purchases and can cause sales to drop 15% to 25%, Joe Budano, CEO of anti-theft technology company Indyme, told Axios.
Consumers are still traveling, despite high inflation, but they're seeking out cheaper trips, Axel Hefer, the CEO of lodging search platform Trivago, tells Axios.
State of play: Instead of booking trips to Spain, global tourists are favoring cheaper destinations like Portugal, Morocco, and Turkey, Hefer noted.
