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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 five fingers. The first documented shoplifting started to take place in 16th century London. By the early ...
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.
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% ...
Articles relating to theft, the taking of another person's property or services or scrap money without that person's permission or consent with the intent to deprive the rightful owner of it. [ 1 ] [ 2 ] [ 3 ] : 1092–3 The word theft is also used as an informal shorthand term for some crimes against property, such as burglary , embezzlement ...
The spelling is the anglicised version of the Hindi word डाकू (ḍākū); "dacoit" / d ə ˈ k ɔɪ t / is a colloquial Indian English word with this meaning. It appears in the Glossary of Colloquial Anglo-Indian Words and Phrases (1903). [1] Banditry is a criminal activity involving robbery by groups of armed bandits.
Anti-theft systems protect valuables such as vehicles and personal property like wallets, phones, and jewelry. [1] [2] [3] They are also used in retail settings to protect merchandise in the form of security tags and labels. [4] Anti-theft systems include devices such as locks and keys, RFID tags, and GPS locators.
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.
Electronic article surveillance antennas at an H&M store in Torp shopping mall, Sweden. Electronic article surveillance (EAS) is a type of system used to prevent shoplifting [1] from retail stores, pilferage of books from libraries, or unwanted removal of properties from office buildings.