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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 .
Public anxiety over shoplifting is an enduring phenomenon and ... Retailers also say organized retail crime — the large-scale theft of merchandise with the intent to resell the stolen items ...
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.
Internal theft traditionally causes more loss to a business than external theft due to the increased opportunity available to internal staff members. "A well-informed security superintendent of a nationwide chain of retail stores has estimated that it takes between forty and fifty shoplifting incidents to equal the annual loss caused by one ...
In recent months reports and viral videos of varying degrees of theft — including smash-and-grab heists by groups in luxury boutiques — have catapulted the issue to the forefront.
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Organized retail crime rose by 2023, when Nordstrom, [7] Macy’s, and Old Navy [8] all publicized major organized shoplifting activity. Target claimed in September 2023 that theft and organized retail crime helped drive its $500 million decrease in annual profits. Some store branches of major chains were closed. [9]
If showrooming and shoplifting weren't enough, retailers have long worried about a form of retail fraud known as "wardrobing," or returns of previously worn items. Bloomingdale's, part of Macy's ...