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The terms shoplifting and shoplifter are not usually defined in law, and generally fall under larceny. 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 ...
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 ...
An increase in shoplifting has forced drugstores to lock up valuable merchandise. Helayne Seidman Big Apple drugstores have been particularly hard hit by a crime wave that accelerated with the ...
To hear some retailers explain it, an outbreak of shoplifting, and especially “organized retail theft,” where merchandise is stolen en masse and resold online, is forcing them to close some ...
The common law shopkeeper's privilege has been superseded in most states by so-called shoplifting statutes, or merchant's statutes, that allow merchants, their employees, and their agents to detain suspected shoplifters for: the investigation of merchandise or property ownership, the recovery of unpurchased merchandise or property, and the ...
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 ...
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 ...
Overall, the study found, shoplifting generally followed the same patterns as other theft, excluding car theft, over the past five years. Shoplifting remained below pre-pandemic levels through 2022.