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Section 2311 of Title 18 provides the definitions for certain words and phrases used in the Act. [2] For example, "money" is defined to include not just the legal tender of the U.S. or any foreign country, but also any counterfeit; "security" receives an expansive definition that also includes, among other things, not just "any instrument commonly known as a 'security,'" but also any forged ...
The National Retail Federation estimates that retailers lost $40.5 billion to external theft, including organized retail crime, in 2022. That represented about 36% of total inventory losses ...
March 18, 2024 at 3:00 AM. Preventing retail theft before it happens — it sounds like a fairy tale, but artificial intelligence could make it a reality.
Retail theft has become a priority for California leaders in recent years. In September, Gov. Gavin Newsom sent $267 million to cities and counties to increase arrests and prosecutions of ...
However, the National Retail Federation (NRF) said that same month that the effect of theft on retailers’ bottom lines was about the same as in previous years, with total retail shrinkage at $112 billion in 2022 (1.55% of sales), up from $93.9 billion (1.44% of sales) in 2021. External theft, including organized retail crime, represented 36% ...
Shoplifting (also known as shop theft, retail theft, or retail fraud) is the theft of goods from a retail establishment during business hours. The terms shoplifting and shoplifter are not usually defined in law, and generally fall under larceny .
Read more:New change coming to retail theft legislation could splinter support for tough-on-crime initiative Democrats fear the ballot measure so much they’re offering its backers an offer they ...
Shopkeeper's privilege is a law recognized in the United States under which a shopkeeper is allowed to detain a suspected shoplifter on store property for a reasonable period of time, so long as the shopkeeper has cause to believe that the person detained in fact committed, or attempted to commit, theft of store property.