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Texas codified specific penalties for organized retail theft back in 2007 when the crime cost businesses an estimated $2.5 billion — but since then, the crime has only become more popular.
The $1.4 million scheme Dell and his accomplices carried out is only a drop in the bucket. Retailers suffered more than $112 billion in losses due to shrink last year alone, according to the ...
Target is trying to thread the needle as it combats retail's long-running problem: store theft."I feel so much better today than I did a year ago," Target CEO Brian Cornell said in an interview ...
In February, California Atty. Gen. Rob Bonta filed criminal charges against a woman he called the ringleader of a retail theft group prosecutors say stole nearly $8 million in beauty products to ...
Report shows theft is costing the retail industry $100 billion. ... For premium support please call: 800-290-4726 more ways ... but a growing trend of organized retail crime is now not just eating ...
Target expects to lose roughly $1.2 billion in profits from retail theft in 2022 and 2023. ... on a recent earnings call that "losses from theft are at ... the latest retail stock news and events ...
A security guard, right, stands at the entrance to a Nordstrom department store at the Grove mall in Los Angeles, Thursday, Dec. 2, 2021, where a recent smash-and-grab robbery took place.
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 ...