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Also known as shoplifting, thefts that occur in retail settings are done during business hours and involve the lack of security and prevention measures. Theft prevention can be done by reducing the opportunity to steal in the store through placing prevention mechanisms in place.
Organized retail crime rose by 2023, when Nordstrom, [7] Macy’s, and Old Navy [8] all publicized major organized shoplifting activity. Target claimed in September 2023 that theft and organized retail crime helped drive its $500 million decrease in annual profits.
Shoplifting usually involves concealing items on the person or an accomplice, and leaving the store without paying. However, shoplifting can also include price switching (swapping the price labels of different goods), refund fraud, and "grazing" (eating or sampling a store's goods while in the store). Price switching is now an almost extinct ...
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.
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.
The classification of larceny as grand or petit larceny originated in an English statute passed in 1275 (grand is a French word meaning "large" while petit is a French word meaning "small"). Both were felonies, but the punishment for grand larceny was death while the punishment for petit larceny was forfeiture of property to the Crown and whipping.
Fox News reported that post Prop 47, both shoplifters and fencers operated openly and with impunity, with both criminals and storekeepers aware that selective enforcement policies mean that police largely ignore reports of shoplifting, or respond too slowly. President of the California Retailers Association Rachel Michelin stated that thieves ...
Theft (from Old English þeofð, cognate to thief) is the act of taking another person's property or services without that person's permission or consent with the intent to deprive the rightful owner of it.