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Economy

“Rates of Shoplifting Reach Staggering Level”

“…Shoplifting increased by 24 percent in the first half of 2024, according to the Council on Criminal Justice’s mid-year report, even as other crime levels decreased… “Many people just get away with a warning and even less are actually arrested,”… Continue Reading…

Economy

“Cargo theft spiked over 57% in 2023 vs. 2022, new data shows”

“…Nearly $130 million worth of goods was stolen in 2023, but since reporting cargo theft is not mandatory, the amount is likely higher than this, according to CargoNet… Cargo theft refers to goods being stolen at any point in the… Continue Reading…

Business

“Target blamed theft and violence for 9 store closures…”

“On Sept. 26, Target set off a national firestorm when it said it would close nine stores in four states because theft and organized retail crime had made them too dangerous to run. On its face, Target’s announcement was evidence that retail crime… Continue Reading…

Business, Economy

“Shrink and theft losses near $1 billion at Lowe’s — here’s how much they’re costing other retailers”

“Generally, the inventory losses are only a small fraction of the retailers’ net sales. They also pale in comparison to other factors squeezing margins, such as excessive discounting and promotions, according to a CNBC analysis of their balance sheets. While… Continue Reading…