Retail theft is a big problem for any retail store, especially the U-Scan. Retail theft is very expensive for stores, so I hope you have some retail theft facts on the subject.
This article provides a lot of information about the topic and has useful information for you to gain from as well.
Retail Theft Statistics In 2022
Do you want to know more about how to fight retail theft? Then keep reading because I have so much more information to share with you!
Organized retail crime is becoming a huge problem, and it is costing retailers about $30 Billion each year. 71% of all retailers are seeing an increase in this type of retail theft.
This survey also shows that 92% of companies have had at least one instance of organized retail crime.
Although I was not specifically interested in a certain city, I did find this statistic interesting and a bit curious.
The survey says the nation’s capital region is the most difficult place for retailers to do business.
A majority of shoplifters fall in the 18-25 age bracket; however, children are the leading perpetrators of theft from a store.
It’s not a very surprising trend, but the season is known to be a busy time for holiday shoppers. Thieves can get a lot of product by cutting in-person sales, selling online or on the black market.
Retailers that were using facial recognition software saw a 34% decrease in retail theft, showing that investing in facial recognition software will benefit your retail store long-term.
As a result, if more retailers invest in facial recognition technology, it could lead to a significant decrease in retail thefts.
For the most part, retail theft is a crime of opportunity. Most people are just going to steal from those who are least likely to be vigilant or careful. If you are an experienced shoplifter, you’ll probably only steal from high volume locations where you know there will be a lot of people, or from people who are more likely to notice you. If you are a novice, you’ll probably only steal from low/medium volume locations, or from people on their lunch break.
Retail theft is on the rise. A study in 2017 showed that 47% of adolescents admit to shoplifting within the past 12 months.
Inventory shrinkage is an important issue in the retail industry. It costs $46.8 billion in annual losses.
Shops that can’t pay the rent or the electricity keep getting shut down. I’m sure you know that already.
While petty theft is generally non-violent, it can lead to much larger-scale organized crime and other crime.
According to this research, about 55% of all shoplifters started when they were teenagers, which shows the importance of preventing teenagers from stealing.
I have found that in addition to the aforementioned days, particularly in the early morning hours, there seems to be an increased risk of retail theft in the evenings.
I’m not sure if it’s actually true that days with no retail theft are worse for crimes other than retail theft. I would certainly think that a day with no retail theft would be a day with less opportunity and less opportunity means less crime, but I wouldn’t know why or be able to prove it.
In an effort to curb retail theft, an industry executive said the cost of merchandise that is stolen is $50 billion a year.
It is always a bad situation for the retailer to have to keep track of what goes in and what goes out.
It is not surprising that a violent shoplifting is becoming more common. I don’t think it’s a scary trend. I think this is the case not because retailers are becoming more aggressive, but because thieves are becoming more violent.
In 2020, the number of retailers who reported that the person who committed the crime was more aggressive than he or she was in 2019 increased to 29% from 26%.
41% of respondents said the level of aggression has remained the same, 2% said the offenders were less aggressive and 57% said the level of aggression has increased.
If retail stores could capture the money that is stolen from them, it would create a lot of money for the government to help out the economy.
Â Â There are just a few hundred thousand shoplifters in the United States (or only six out of every 100,000 shoplifters are arrested), and a survey found that about 48% of shoplifters are repeat offenders, showing how lax the justice system has become on retail theft.
You know, a lot of those people are probably repeat offenders of driving with a suspended license because they can’t afford to lose their job, and they can’t afford to lose their license, so they end up driving without a license.
While the amount of money that is lost to the retail theft industry may not be nearly as high as other industries (like the banking industry) it is still a significant issue and not something that should be taken lightly.
Most people think that retail theft is a misdemeanor in most counties, however, retail theft is generally a misdemeanor and can include theft of property valued between $500 to about $1000.
The high value of the stolen item makes the crime worth investigating, so police will get involved. They may not immediately, though, because the crime is a low priority.
This is $7 billion dollars every year that is being spent on shoplifters and every year, that is the total of how much money that a single American spends just on shoplifting.
The legal system in the USA is getting less strict and the government and prosecutors are no longer punishing people for shoplifting. This seems like a bad trend to me.
However, most shoplifting remains a misdemeanor in most states, which means that you’ll still get less prison time and less of a criminal record. In addition, the theft value in each state varies by county, which means that shoplifting can be a misdemeanor or a felony in a number of counties in the United States.
Theft, at times, has a high reward and low risks attached to it, which has only gotten more extreme as it’s not being punished enough for the crime.
People tend to believe that shoplifting happens only to people with no money or big debts, but the truth is that nearly 2/3 of all shoplifting cases are committed by people with decent incomes.
So if you want to save money you should learn to be more wary, be careful, and watchful. If it’s so easy for them, why are they still stealing? Why do thieves need to steal at all? If you’re being careless, you’re inviting theft from these people.
If you’re not stealing, you need to be aware of your own actions. This is especially important to know if you plan on being in a store for any amount of time.
The difference between being accused of ‘premeditated homicide’ and’second degree murder’ is that second-degree murder is a result of an unlawful act, not an intent to do so.
The amount of people that are thieves is a bit shocking, but it makes sense really, since the majority of shoplifting is done by people who can afford it.
Because theft is theft, you can assume that most people who steal for no reason know what they are doing, and they choose to violate someone else’s property and not steal for a reason.
Is Retail Theft On The Rise?
Retail crime is increasing, and in New York City, for example, retail crime increased 16%.
The theft of prescription drugs are the top retail crime in India, costing the country billions of rupees each year.
What Is The Most Shoplifted Item?
Designer clothing is getting a lot of thefts because people are trying to steal from the organized retail crime gangs and stealing from regular people.
A study by the California-based firm Chain Store Consultants found that the number of retail thefts in California has jumped by 44 percent since 2004 and that one in every five robberies and other retail thefts nationwide is committed in California.
It reported that the number of robberies in California rose by 5,500 between 2004 and 2014, more than double the number of robberies nationwide.
Why Are Stores Not Stopping Shoplifting?
Most of the time, the employees can’t intervene and prevent a crime from happening as they don’t have the authority to do so.
All employees are supposed to let the shoplifter take what they want and then report the loss to the police, and those that have been involved in the past have been fired.
Why Is Shoplifting So Easy?
While it’s true that some states are easing up on theft laws, those laws will still be enforced, and shoplifting will still be prosecuted.
In fact, if you steal a phone, the crime is felonies in a lot of states. That’s because the value of the phone exceeds the threshold for misdemeanor charges or lesser felonies in a lot of states.
The number of times someone gets caught shoplifting and the number of times it actually happens is really low. That means it’s getting easier for them to steal and get away with it. Most stores don’t stop shoplifters because they’re so small with their petty offenses.
What Are The Two Types Of Shoplifters?
There are two types of shoplifters. Either they are professionals or they are boosters.
Stealing items for personal use or use by someone in their household for example is the main form of theft, with individuals taking items from other locations of the site.
A booster is a different kind of thief. They look for items to sell, rather than stealing items from retail stores, and the items they steal are typically of a higher value and/or have a better resale opportunity.
We are not here to shame retailers, but to help them take better care of their merchandise, and so we focus on the statistics, like the one about the average shoplifter’s age.
The majority of shoplifters are of average intelligence, and not just a small handful. Only 5% of them are really considered “Klepto-Maniacs” and only about 1 out of every 100 of them are arrested, so it’s highly likely that they will be caught in the future.
You only need to look at organized retail theft to realize that the traditional brick and mortar stores are in trouble. And you may be hearing more about it, especially in recent years where people are taking advantage of the internet. This might be a good time to make some new friends in the industry.
- Does Dollar General Prosecute Shoplifters? (warning)
- Does Walmart Build Cases on shoplifters? [must Read]
- Tractor Supply Shoplifting Policy (must Read…)
- What Is 711’s Shoplifting Policy? (All You Need To Know)
- Ace Hardware Shoplifting Policy (cameras, Security, Loss Prevention, Caught Stealing, Facial Recognition + More)
- Publix Shoplifting Policy (don’t Make These Mistakes)
- Costco Shoplifting Policy (Warning: Must Read)
- Safeway Shoplifting Policy (loss Prevention, Cameras, Tracking, Pressing Charges + More)
- Home Depot Shoplifting Policy (cameras, Security, Loss Prevention + More)
- Family Dollar Shoplifting Policy (all You Need To Know)