Posted 2/26/2024, 10:00:00 AM
Retail Theft Surges as Businesses Struggle and Thieves Face Few Consequences
- Small business owners taking extreme measures like customer escorts to prevent rampant shoplifting
- Businesses limiting number of available items on sales floors due to smash-and-grab robberies
- Security expert says lack of prosecution emboldens thieves as reward outweighs consequences
- Attorney says shoplifters realize minimal consequences so crime has increased
- Billions in losses reported by retailers in 2022, with top cities affected being LA, SF, Houston, NYC, Seattle