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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 .
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.
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% ...
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 ...
California's law imposing harsher sentences for large-scale "smash-and-grab" retail theft goes into effect. New Hampshire' s bail reform holds some crime suspects longer, and the majority of the ...
Preventing retail theft before it happens — it sounds like a fairy tale, but artificial intelligence could make it a reality. Videos and images of organized "smash-and-grabs" at stores and malls ...
Theft of cash is most common, over everything else, followed by vehicle parts, clothing, and tools. [2] In 2005, only 18% of reported cases of larceny/theft were cleared in the United States. [6] Shoplifting is a specific type of theft, with products taken from retail shops without paying.
A Connecticut couple is accused of running an elaborate theft ring at Lululemon stores in multiple states, stealing nearly a million dollars from the company.