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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 .
Organized retail crime (ORC) refers to professional criminal enterprises ranging from regional gangs to international crime rings and other organized crime focusing on retail environments. Operations include truckjacking , shoplifting , smash and grab , cargo theft , and cargo diversion.
Some lawmakers have tied Proposition 47 to an increase in retail theft. Several have authored unsuccessful bills to repeal or change the law, in some cases lowering the felony theft threshold to $400.
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. Retail loss prevention is geared towards the elimination of preventable loss. [2]
"Shrink," or retail theft, is a billion-dollar problem for the retail industry. And unlike the popular culture image of a teen shoplifter looking for a rush, the real culprit is often organized ...
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 ...
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]
Sep. 7—With retail theft on the rise throughout the country, Taylor Police Chief Brian Holland notices criminals finding innovative ways to steal products and cut into businesses' bottom lines.