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Costco has managed to keep a lid on the worsening nationwide theft issue. According to the CFO, shrinkage was between “0.1% and 0.2%,” during the most recent quarter.
Increased theft robs retailers' profits. Costco is an outlier from the larger issue hitting the industry. Retail shrink — the loss of items to retail theft, organized crime, damage, vendor fraud ...
Costco. Some pool supply stores. ... This article originally appeared on Fort Myers News-Press: Retail theft crime ring busted in Florida with 14 suspects charged. Show comments.
Costco management said this year that shrink increased “in part we believe due to the rollout of self-checkout.” Five Below said that shrink at stores with more self-checkout lanes was higher.
Operations by the California’s Organized Retail Crime Task Force, which formed in 2019, have led to 1,055 arrests and the recovery of more than $7.8 million worth of stolen merchandise, the ...
What happened: Each person accused in the theft ring faces multiple felony charges including organized scheme to defraud $50,000 or more and retail theft of multiple items within 30 days at ...
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Texas codified specific penalties for organized retail theft back in 2007 when the crime cost businesses an estimated $2.5 billion — but since then, the crime has only become more popular.