Retailers have lost billions -- with shoplifting and organized retail largely to blame. Some businesses are redesigning their stores to reduce crime and help save their bottom line.
has hired security guards, limited self-checkout to 20 things, and is also securing certain items in their grocery stores.
In San Francisco, the city's largest Whole Foods, a Nordstrom, and Old Navy's flagship store have all closed. Well, unfortunately, these types of situations where stores are either locking up most of their merchandise or just leaving communities altogether is not uncommon," said Zack Smith, who is a legal fellow and manager of the Supreme Court and Appellate Advocacy Program in the Heritage Foundation’s Meese Center.
In 2021, retailers lost $94.5 billion to shoplifting. That’s up from $90.8 billion in 2020, according to the National Retail Federation’sNobody is in favor of throwing every shoplifter in jail but we definitely are in favor of breaking up rings and making it clear that if you participate in these rings you’re gonna be prosecuted," Stephanie Martz, the NRF's chief administrative officer and general counsel, said.
, online markets must be in compliance with the INFORM Consumers Act. The new law requires more transparency from high-volume, third-party sellers online. Retailers hope it will help with the fight to stop organized retail crime.
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