Retailers lost up to $80 BILLION to theft in 2022 - up by $13 billion in a year
1 year, 2 months ago

Retailers lost up to $80 BILLION to theft in 2022 - up by $13 billion in a year

Daily Mail  

Retailers lost almost $80 billion to shoplifters last year, an increase of nearly $13 billion, amid a frightening rise in violent thefts in Democrat-run cities. And with up to 70 per cent of shrink accounted for by theft, it means retailers lost approximately $78.4 billion to shoplifters. The NRF's survey found that thefts, such as this one pictured taking place at a Nordstrom Rack store in Riverside, CA, is costing the sector billions of dollars every year The shocking figure has also jumped by almost a fifth from 2021, when it was around $65.7 billion. In addition to shoplifting, the NRF said retailers have It also said 'sizeable minorities' reported increases in 'delivery fraud; stolen goods being sold on third-party sites; return fraud; and loyalty fraud and abuse'.

Theft Democrat Billion Cent Retailers Nrf  billion  retailers  stores  2022  thefts  80  theft  violence  lost  13  survey  shoplifting  fraud  cent

History of this topic

Shoplifting ring stole $2M in cosmetics and clothes then resold them abroad, prosecutors say
3 weeks, 6 days ago

Shoplifting ring stole $2M in cosmetics and clothes then resold them abroad, prosecutors say

Associated Press  

NEW YORK — A shoplifting ring that stole nearly $2 million in clothes and beauty products from Macy’s and other well-known stores in the U.S. and then resold them in New York City and the Dominican Republic has been busted, law enforcement officials announced Tuesday. Five New Yorkers have been charged with felony possession of stolen property, conspiracy and other …

Shoplifting epidemic adds 10p ‘crime tax’ to every transaction as minister vows end to ‘shameful neglect’ of retail crime
1 month, 1 week ago

Shoplifting epidemic adds 10p ‘crime tax’ to every transaction as minister vows end to ‘shameful neglect’ of retail crime

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy A surge in shoplifting under the Conservatives has led to shoppers …

Stop trivialising ‘devastating’ high street thefts, police urged
1 month, 2 weeks ago

Stop trivialising ‘devastating’ high street thefts, police urged

The Telegraph  

According to official figures, there were 443,995 incidents of theft from shops recorded by police in the year to March 2024, up 30pc on a year earlier. The British Retail Consortium estimates that there are 17m incidents of shop theft every year, costing retailers almost £2bn every year. Lord Foster said there was more to do to educate the public …

Britain's shoplifting shame: Stores are suffering two thefts every minute as retail theft hits highest level since records began
1 month, 4 weeks ago

Britain's shoplifting shame: Stores are suffering two thefts every minute as retail theft hits highest level since records began

Daily Mail  

Britain's stores are suffering two thefts every minute as retail theft has hit its highest level since records began. Chief constables now face questions about policing priorities after official data revealed nearly 6,000 crimes went unsolved every day last year, with 40 per cent of all recorded crimes going unpunished. Almost 444,000 shoplifting offences were recorded by forces in England …

Shoplifting at an all-time high with 1,300 offences recorded every day, new figures show
1 month, 4 weeks ago

Shoplifting at an all-time high with 1,300 offences recorded every day, new figures show

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

New California laws aim to reduce smash-and-grab robberies, car thefts and shoplifting
4 months, 1 week ago

New California laws aim to reduce smash-and-grab robberies, car thefts and shoplifting

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. While shoplifting has been a growing problem, large-scale, smash-and-grab …

New California laws aim to reduce smash-and-grab robberies, car thefts and shoplifting
4 months, 1 week ago

New California laws aim to reduce smash-and-grab robberies, car thefts and shoplifting

Associated Press  

SACRAMENTO, Calif. — California Gov. The move comes as Democratic leadership works to prove that they’re tough enough on crime while trying to convince voters reject a ballot measure that would bring even harsher sentences for repeat offenders of shoplifting and drug charges. “We know that retail theft has consequences, big and small, physical and financial,” state Sen. Nancy Skinner, …

Inside Britain’s ‘out of control’ shoplifting crisis as even pound shops are targeted
6 months, 4 weeks ago

Inside Britain’s ‘out of control’ shoplifting crisis as even pound shops are targeted

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. “Shoplifting is pretty horrific at the moment, it’s out …

The Shoplifting Epidemic Touted By Fox News Is Likely Overblown, Data Shows
1 year ago

The Shoplifting Epidemic Touted By Fox News Is Likely Overblown, Data Shows

Huff Post  

LOADING ERROR LOADING There is a retail crime wave terrorizing Americans — if you’re tuned in to conservative media. After looking through a video database of Fox programming over the last five years, Media Matters found a very small number of retail theft mentions between 2019 and 2020 — just 35. Considering how many national outlets are based in New …

Retail group pulls back on claim organized retail crime accounts for nearly half of inventory loss
1 year ago

Retail group pulls back on claim organized retail crime accounts for nearly half of inventory loss

Associated Press  

NEW YORK — The National Retail Federation, the nation’s largest retail trade group, has revised a report released in April that pulls back the claim that organized retail crime accounts for nearly half of overall industry shrink, which measures overall loss in inventory, including theft. The revision of the group’s organized retail crime report on Dec. 1 follows an analysis …

Shoplifting surged a staggering 64% in New York City in the past four years - with Los Angeles also seeing a 61% spike
1 year, 1 month ago

Shoplifting surged a staggering 64% in New York City in the past four years - with Los Angeles also seeing a 61% spike

Daily Mail  

Shoplifting continues to be a major crisis in America's two largest cities, as thefts increased 64 percent in New York City and 61 percent in Los Angeles over the last four years. Six other major American cities have Shoplifting continues to be a major crisis in America's two largest cities, as thefts increased 64 percent in New York City and …

America's shoplifting hotspots: The top 11 cities with the highest rate of retail theft revealed - and San Francisco isn't number one!
1 year, 1 month ago

America's shoplifting hotspots: The top 11 cities with the highest rate of retail theft revealed - and San Francisco isn't number one!

Daily Mail  

Los Angeles has the highest rate of retail crime, new figures show Downtown San Francisco has developed a reputation as a breeding ground for theft in recent years. Instead, Los Angeles had the highest rate of 'organized retail crime' for the fifth consecutive year in 2022, according to a report by the National Retail Federation. A report by the National …

Shoplifting hits record high of 1,000 offences a day
1 year, 2 months ago

Shoplifting hits record high of 1,000 offences a day

The Telegraph  

Shoplifting has hit a record high of 1,000 offences a day, an unprecedented 25 per cent increase in a year, official figures showed on Thursday. However, the detection rate for shoplifters has fallen to a record low with just 18.2 per cent of offences being solved, less than half the 46 per cent when records began in 2016. The figures …

Costco exec reveals how the chain is winning the war against rising retail theft - as Target shutters 9 stores and retailers report losing $80 BILLION to crime last year
1 year, 2 months ago

Costco exec reveals how the chain is winning the war against rising retail theft - as Target shutters 9 stores and retailers report losing $80 BILLION to crime last year

Daily Mail  

As retail giants throughout the US are shuttering stores and incurring critical losses due to shoplifting, one appears to have emerged relatively unscathed. During Costco's quarterly earnings call on Tuesday, chief financial officer Richard Galanti made assurances that inventory losses were under control. According to a recent survey by the National Retail Federation, inventory shrink, or unaccounted losses of stock, …

Target to close 9 stores, including 3 in the San Francisco Bay Area, citing safety concerns
1 year, 2 months ago

Target to close 9 stores, including 3 in the San Francisco Bay Area, citing safety concerns

Associated Press  

NEW YORK — Target said Tuesday that it will close nine stores in four states, including one in New York City’s East Harlem neighborhood, and three in the San Francisco Bay Area, saying that theft and organized retail crime have threatened the safety of its workers and customers. Moreover, Cornell told analysts in August that violent incidents against workers at …

CVS says it will close NINE HUNDRED stores by the end of 2024 - 10% of all its shops - as it moves to online strategy amid rampant increase in shoplifting
1 year, 2 months ago

CVS says it will close NINE HUNDRED stores by the end of 2024 - 10% of all its shops - as it moves to online strategy amid rampant increase in shoplifting

Daily Mail  

Rival Walgreens also plans to shut 150 stores as part of a modernization drive CVS is set to close hundreds of stores across the country as it undergoes a complete retail overhaul – as more outlets move towards online sellers amid rampant increases in crime. The chain's stock price rose after the 2021 announcement stores would be closed as part …

Thieves target stores every TWO seconds in Britain, costing retailers more than £1billion last year alone, shocking figures show - as Suella Braverman backs a Mail campaign to end the shoplifting epid
1 year, 3 months ago

Thieves target stores every TWO seconds in Britain, costing retailers more than £1billion last year alone, shocking figures show - as Suella Braverman backs a Mail campaign to end the shoplifting epid

Daily Mail  

The Mail on Sunday today reveals the shocking reality of the epidemic of shoplifting that is blighting Britain, as we launch a major campaign to crack down on the crime. The Mail on Sunday's campaign – calling for the police, Crown Prosecution Service and courts to be much tougher with shoplifters, and for a change in the law to make …

Arrest shoplifters even if they steal goods under £200, says policing minister
1 year, 3 months ago

Arrest shoplifters even if they steal goods under £200, says policing minister

The Telegraph  

He said that unless stringent action was taken, British cities could end up like San Francisco, where shops were forced to close because of an escalation in violent shoplifting. He told Parliament two months ago: “We have seen that elsewhere in the world – I think in particular about San Francisco, as well as other American cities – where both …

Column: Businesses keep complaining about shoplifting, but wage theft is a bigger crime
1 year, 3 months ago

Column: Businesses keep complaining about shoplifting, but wage theft is a bigger crime

LA Times  

A flash robbery caught in progress at a Nordstrom store in Canoga Park this month. Former Home Depot Chief Executive Bob Nardelli went on Fox Business the other day to warn that a surge in shoplifting by organized gangs showed that America was descending into “a lawless society.” “We’ve got to get this back under control,” Nardelli intoned gloomily, after …

Shoplifters could be handed prison sentences under revisions to crime bill
1 year, 4 months ago

Shoplifters could be handed prison sentences under revisions to crime bill

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} Shoplifters committing repeat …

1 in 10 young Brits admit shoplifting due to cost of living crisis: Study
1 year, 7 months ago

1 in 10 young Brits admit shoplifting due to cost of living crisis: Study

Hindustan Times  

In a shocking revelation, one in 10 young adults in the UK has admitted to steal products from supermarkets to tackle the cost-of-living crisis, according to a study by money-saving app ZipZero, The Metro reports. As the crisis worsens, one in five Britishers has coped to financial aid to pay for his/her essentials. Food, fuel, rent, broadband, taxes and soon …

The US stores that closed their doors due to rampant theft
1 year, 8 months ago

The US stores that closed their doors due to rampant theft

Daily Mail  

Major retailers in the US have been forced to shut down stores due to millions of dollars in losses as rampant theft plagues big box stores across the country. Major retailers in the US have been forced to shut down stores due to millions of dollars in losses as rampant theft plagues big box stores across the country Walmart Walmart …

Retailers try to curb theft while not angering shoppers
1 year, 10 months ago

Retailers try to curb theft while not angering shoppers

Associated Press  

NEW YORK — When the pandemic threat eased, Maureen Holohan was eager to scale back her online shopping and return to physical stores so she could more easily compare prices and scour ingredients on beauty and health care products for herself and her three children. Some are considering extreme measures, including Rite Aid Corp., whose chief retail officer Andre Persaud …

Walgreens executive admits retail theft concerns are overblown: ‘Maybe we cried too much’
1 year, 11 months ago

Walgreens executive admits retail theft concerns are overblown: ‘Maybe we cried too much’

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors …

Rising retail thefts in Connecticut mimic broader US trend
3 years, 1 month ago

Rising retail thefts in Connecticut mimic broader US trend

Associated Press  

SOUTHINGTON, Conn. — Recent instances of retail thefts at Connecticut stores are reflecting a nationwide trend. Video posted online last week showed two men and a woman loading up a van with items from a supermarket in Southington then driving away in a van with no license plates. Experts also say stores are using a less confrontational approach to shoplifters …

Empty shelves in New York drug stores as shoplifting surge hits city
3 years, 2 months ago

Empty shelves in New York drug stores as shoplifting surge hits city

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy A wave of shoplifting …

Retail sales fell 1.1% in November, biggest drop in 7 months
4 years ago

Retail sales fell 1.1% in November, biggest drop in 7 months

Associated Press  

NEW YORK — Americans held back on spending during the start of the holiday shopping season, a troubling sign for retailers and the state of the U.S. economy. U.S. retail sales fell a seasonally adjusted 1.1% in November, according to the U.S. Commerce Department. The Commerce Department on Wednesday also revised October’s report, saying that retail sales fell 0.1% that …

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