Posted 2/20/2024, 8:03:00 PM
Florida Trio Charged with Stealing $100K from Home Depot in Retail Theft Ring
- Three people in Florida charged with stealing over $100,000 of goods from Home Depot stores through barcode switching scheme over 3 years
- Attorney General calls it "organized retail theft" and part of over 90 such cases since 2019
- Organized retail crime a major issue for retailers nationally, with $112B in losses in 2022
- Retailers taking measures like limiting self-checkout to combat theft enabled by it
- Home Depot and other major retailers attributing recent margin hits and inventory shrinkage to theft