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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 .
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% ...
A uniformed retail loss prevention employee for Target. Known as a Target Security Specialist . Retail loss prevention (also known as retail asset protection) is a set of practices employed by retail companies to preserve profit. [1] Loss prevention is mainly found within the retail sector but also can be found within other business environments.
[1] [2] [3] The word theft is also used as a synonym or informal shorthand term for some crimes against property, such as larceny, robbery, [1] embezzlement, extortion, blackmail, or receiving stolen property. [2] In some jurisdictions, theft is considered to be synonymous with larceny, [4] [5] while in others, theft is defined more narrowly. [6]
A flash rob, also known as a multiple offender crime or flash mob robbery, is an organized form of theft in which a group of participants enter a retail shop or convenience store en masse and steal goods and other items.
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.
A store detective (also known as Asset Protection Investigator, undercover shopper, Loss Prevention Detective, and Asset Protection Specialist) is a member of loss prevention whose main role is to prevent and detect theft (commonly known as shoplifting) and reduce shrink in retail outlets. [1]
Theft of cash is most common, over everything else, followed by vehicle parts, clothing, and tools. [2] In 2005, only 18% of reported cases of larceny/theft were cleared in the United States. [6] Shoplifting is a specific type of theft, with products taken from retail shops without paying.