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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 .
External theft, including organized retail crime, represented 36% of losses, versus 37% in 2021. Other contributors were employee/internal theft (29%), and process/control failures (26%). [11] From 2022 through August 2023, 9 U.S. states passed laws to impose harsher penalties for organized retail crime offenses. [12]
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 ...
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 ...
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.
But the Legislature did little until the district attorneys and retailers pushed their initiative to roll back much of Proposition 47 by toughening penalties for retail theft and hard drug ...
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.
The industry uses the term "shrink" to describe any hit to inventory, including from retail theft, employee theft, vendor fraud, damage, administrative errors, and other causes.