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Many retailers and industry lobbying groups say shoplifting is at crisis-level proportions and even forcing some stores to close. But Best Buy says it has shoplifting under control.
The company's asset protection division is developing "creative" solutions to fight retail theft, Wentworth said Tuesday. "I don't have anything magnificent to share with you today. It is a hand ...
Shoplifting affects all of us with higher prices and lowered availability, but more retailers than ever have a new tech tool this year to help them fight back. Retailers have a new tool to help ...
CHICAGO — Shoplifting rates in the three largest U.S. cities — New York, Los Angeles and Chicago — remain higher than they were before the pandemic, according to a report last month from the ...
A year ago, America’s stores declared a shoplifting epidemic. They closed stores in major cities, hired extra security, locked up key merchandise and declared big losses in their financial ...
Shoplifting is the largest single reason for loss of merchandise. [30] Retailers report that shoplifting has a significant effect on their bottom line, stating that about 0.6% of all inventory disappears to shoplifters. According to the 2012 National Retail Security Survey, shoplifting costs American retailers approximately $14B annually. [31]
Gas theft cost the industry $109 million in 2008 and $134 million in 2007. The average loss per store in 2009 was $761, and that figure is conservative, since it only includes reported thefts and is based on all convenience stores that sell gasoline, including those in states that mandate full-serve ( New Jersey and Oregon ) and stores in areas ...
Shoplifting incidents involving an assault or other crime constitutes less than 2% of shoplifting incidents, the analysis found. Retailers and political leaders are advocating for police and ...
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