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In the first six months of the state grants, local law enforcement agencies that received state retail crime funding reported more than 6,900 arrests for retail theft, motor vehicle theft and ...
However, despite being questioned repeatedly Monday about the initiative, Newsom stressed that Proposition 36 "is a separate conversation" from organized retail theft and the statistics from the ...
The National Retail Federation said that retailers’ losses, known as shrink, increased 19% last year to $112 billion, based on a survey of 177 retailers. But shrink as a percentage of sales fell ...
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 .
Reports of retail theft remain “at roughly the same level it was during the 2010s and lower than it was in earlier decades,” according to the commission.
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% ...
The National Retail Federation’s 2023 National Retail Security Survey showed businesses’ 2022 average shrink rate — calculated as a percentage of sales — was 1.6%, up from 1.4% in 2021 ...
“Recent trends in retail theft and robbery vary across the state and by type of offense – but the data indicate a rise in shoplifting, especially in the Bay Area, and a broader rise in ...