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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 .
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] Theft had risen to $70 billion in 2020, according to the Retail Industry Leaders Association (RILA). A pattern emerged of crime rings consisting of two parts ...
The theft was described as the "largest burglary in English legal history". [31] Three years after the burglary, on 28 March 2018, Michael Seed, 57, was arrested after his home in Islington, London, had been searched. He was charged with conspiracy to burgle and conspiracy to conceal or disguise criminal property. [27] [32]
Theft also reached an all-time high with more than 20 million incidents – or over 55,000 a day – costing retailers £2.2bn, up from £1.8bn the previous year.
The 2006 Securitas depot robbery in Tonbridge, England, was the UK's largest cash heist.It began with a kidnapping on the evening of 21 February 2006 and ended in the early hours of 22 February, when seven criminals stole almost £53 million.
A Shopwatch scheme [1] in the United Kingdom is a partnership where retailers unify as an independent group [2] to pre-empt theft in retail premises. The Shopwatch organization works closely with local authorities and intends to reduce retail crime and antisocial behaviour and to help make shopping areas safer for customers and staff.
The Thai zig zag scam is a confidence trick where one is falsely accused of shoplifting, and then held by police, or those claiming to be police, until "bail" is paid for the alleged theft. At times those fleeced are shown faked closed-circuit television footage as corroboration.
Electronic article surveillance antennas at an H&M store in Torp shopping mall, Sweden. Electronic article surveillance (EAS) is a type of system used to prevent shoplifting [1] from retail stores, pilferage of books from libraries, or unwanted removal of properties from office buildings.