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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 .
A store detective (also known as Asset Protection Investigator, undercover shopper, Loss Prevention Detective, and Asset Protection Specialist) is a member of loss prevention whose main role is to prevent and detect theft (commonly known as shoplifting) and reduce shrink in retail outlets. [1]
A flash rob, also known as a multiple offender crime or flash mob robbery, is an organized form of theft in which a group of participants enter a retail shop or convenience store en masse and steal goods and other items.
Shrink can be the result of theft, damage, or poor record keeping, among other factors. In its second quarter report, Target's 28.9% gross profit margin beat estimates, up from 27% a year ago.
The scale of merchandise theft, Kubrin added, is sometimes overblown by a retail industry happy to pin its problems, which include market forces such as inflation and a shift to online shopping ...
Retail corporations have said that merchandise losses, or “shrink,” related to theft, including organized retail crime as well as employee theft, have ticked up recently. The issue has pushed ...
A uniformed retail loss prevention employee for Target. Known as a Target Security Specialist . Retail loss prevention (also known as retail asset protection) is a set of practices employed by retail companies to preserve profit. [1] Loss prevention is mainly found within the retail sector but also can be found within other business environments.
Retail shrink — the loss of items to retail theft, organized crime, damage, vendor fraud, and other factors — was a $112 billion problem for the industry in 2022, ...