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Retailers Are Cracking Down on Shoplifters

By Steven Rodriguez

Today is “Black Friday,” the make or break day for most retailers. Good sales today mean staying “in the black;” that is, on the profit side of the balance sheet. Poor sales mean a ledger full of red ink and possible bankruptcy. Losses from light-fingered customers often tip the balance. Shoplifting cost U.S. retail stores $12 billion last year, and the poor economy is expected to entice even more people to shoplift or purchase stolen goods this year. Shoplifting reports are up 12% over last year with thefts running nearly $35 million per day nationwide. The National Association for Shoplifting Prevention estimates that 1 in 11 people shoplift. In the past 5 years, more than 10 million people have been caught shoplifting from U...continue to full post

Full post as published by LA Criminal Defense Blog on November 28, 2008 (boomark / email).