Retailers Claim Theft Crisis, But Data Shows Limited Impact
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Retailers say theft is exploding, but analysts question if it's being used to mask other business issues like weak demand and overstock.
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Theft makes up a small % of retailer losses, and has not increased much despite claims of a theft crisis.
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Target is closing some urban stores with low theft, possibly to cut underperforming locations.
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Retailers want harsher laws and penalties, but it's unclear if that deters theft.
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Businesses may be exaggerating the theft crisis to prompt government action on crime.