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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 .
While crime has generally been trending downward to pre-2019 levels, one type has unfortunately bucked the trend: retail theft. During the first half of 2024, shoplifting was up 24% over the same ...
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. One person acting alone is not considered an example of ...
"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 National Retail Federation estimates that retailers lost $40.5 billion to external theft, including organized retail crime, in 2022. That represented about 36% of total inventory losses ...
A California man has been arrested in connection with a massive organized retail theft ring after officials found a warehouse stashed with $5 million-worth of stolen Nike merchandise.
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]
“Florida is a law-and-order state, and we are dismantling organized retail theft rings,” Moody said in a press release. “Now, this group faces our statewide prosecutors and time in prison ...