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Theft, both internal and external to the company, continues to be the driving force behind retail inventory shrinkage, at 78.3% of all shrinkage in 2008. Of that portion, 42.7% is attributed to employee (also known as internal) theft and 35.6% was due to external theft, known as shoplifting.
The terms shoplifting and shoplifter are not usually defined in law, and generally fall under larceny. In the retail industry, the word shrinkage (or shrink) is used to refer to merchandise often lost by shoplifting. The term five-finger discount is an euphemism for shoplifting, humorously referencing stolen items taken "at no cost" with the ...
Theft prevention can be done by reducing the opportunity to steal in the store through placing prevention mechanisms in place. Shoplifters and organized retail criminals have become more aggressive and violent: Apprehension might create potential risk for injury to employees and other shoppers and create possible community resistance.
A short sale isn’t as straightforward as a traditional real estate transaction. You might need to work with an experienced real estate agent to find properties, and potentially with an attorney ...
Loan type. Minimum waiting period. Conventional. 2-4 years with exceptions. FHA. 3 years with exceptions. USDA. 3 years. VA. 2 years with exceptions. Non-qualifying (non-QM)
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% ...
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Commercial real estate has beaten the stock market for 25 years — but only the super rich could buy in. ... Florida’s new anti-theft bill (HB 549) cracks down on retail theft and also what ...