Shoplifting in New York state has reached an alarming rate, with retailers losing an estimated $4.4 billion annually to theft. According to the Council on Criminal Justice, shoplifting in New York City alone has increased by 64% from June 2019 to June 2023. This criminal activity is not only affecting large retailers but also small businesses, including bodegas.
In February, Governor Kathy Hochul acknowledged the issue, stating that the total estimated ### to shops in the state was $4.4 billion in 2022.
The impact of shoplifting goes beyond financial losses for retailers. It also creates a shadow resale economy, where stolen goods are sold on platforms like eBay.
This illegal market not only fuels criminal activity but also undermines legitimate businesses. The rise in shoplifting has led to increased security measures by retailers, including the use of security cameras and staff training. However, more needs to be done to address the root causes of this epidemic and protect the ###lihoods of small business owners....
In February, Governor Kathy Hochul acknowledged the issue, stating that the total estimated ### to shops in the state was $4.4 billion in 2022.
The impact of shoplifting goes beyond financial losses for retailers. It also creates a shadow resale economy, where stolen goods are sold on platforms like eBay.
This illegal market not only fuels criminal activity but also undermines legitimate businesses. The rise in shoplifting has led to increased security measures by retailers, including the use of security cameras and staff training. However, more needs to be done to address the root causes of this epidemic and protect the ###lihoods of small business owners....
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Source: Found here
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