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Many retailers and industry lobbying groups say shoplifting is at crisis-level proportions and even forcing some stores to close. But Best Buy says it has shoplifting under control.
A year ago, America’s stores declared a shoplifting epidemic. They closed stores in major cities, hired extra security, locked up key merchandise and declared big losses in their financial ...
How internet-savvy criminals in one Ohio town shoplift pricey items from big-box retailers and then sell the loot on Facebook Marketplace and similar sites.
Many large retailers have in-store loss prevention employees who are trained to reduce shoplifting. This can come in the form of uniformed security officers, undercover security , or both. Each state allows stores to apprehend and detain shoplifters under shopkeeper's privilege laws .
While crime has generally been trending downward to pre-2019 levels, one type has unfortunately bucked the trend: retail theft. During the first half of 2024, shoplifting was up 24% over the same ...
Shoplifting is the largest single reason for loss of merchandise. [30] Retailers report that shoplifting has a significant effect on their bottom line, stating that about 0.6% of all inventory disappears to shoplifters. According to the 2012 National Retail Security Survey, shoplifting costs American retailers approximately $14B annually. [31]
Most convenience stores have a cash drop slot into a time-delay safe so clerks may limit the amount of cash on hand. Many have installed security cameras to help detect robberies and shoplifting. Because of their vulnerability to crime, nearly all convenience stores have a friendly relationship with the local police.
A California initiative to once again make shoplifting a felony for repeat offenders is developing into a contest over whether the state's Democrats are tough enough on crime to hang on to their ...