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The retail apocalypse may be happening sooner than expected. Retail store closures in America just hit the highest level since the pandemic — and are expected to rise to about 15,000 in 2025.
[10] 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 ...
Shoplifting (also known as shop theft, shop fraud, 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 .
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.
Statistics suggest that 54% of all shoplifters regularly steal from convenience stores. [4] An increasingly common crime is shoplifting by juveniles. Almost 90% of juveniles say they know someone who has shoplifted, and more than half of adult shoplifters claim they began doing so as teenagers.
The true severity and scope of the problem remain an enduring mystery of the free market, as national chains eagerly point to retail theft as a key drag on profits, but are reticent to publicly ...
CrimeStat is Windows-based program that conducts spatial and statistical analysis and is designed to interface with a geographic information system (GIS). The program is developed by Ned Levine & Associates under the direction of Ned Levine, with funding by the National Institute of Justice (NIJ), an agency of the United States Department of ...
California lawmakers on Monday gave final approval to a package of 10 bills meant to combat retail theft, an effort that divided Democrats as they confronted key issues in the upcoming November ...