Since the earliest days of organized retail, there has been a recognition of the unique exposure that retailers have to crime and loss. We all know that larceny crimes—shoplifting, credit card fraud, refund abuse, and internal theft—cost the retail industry tens of billions of dollars each year and can devastate Read More
Tag: prop 47
The stakes for retailers are immense. Because most misdemeanor crime is petty larceny, they are the principal victims when states raise felony thresholds to reduce incarceration. [Sponsored] Read More
“Crime is up.” “How should I protect my employees and customers from increasing violence?” “More and more shoplifting incidents escalate into physical assaults.”
Comments or questions of this nature have certainly increased in frequency within the retail environment in the past two years or so. Is it just retail though? Certainly Read More
California’s Proposition 47 was a controversial ballot measure that downgraded drug and theft crimes from felonies to misdemeanors with the intent of keeping nonviolent offenders out of the state’s overcrowded prison systems. Fewer people in prison, the thinking went, meant a cost savings that could be redirected towards state services Read More
Organized retail crime (ORC) is a significant source of loss for US retailers. Exactly how significant is notoriously difficult to tease out, but new data from the National Retail Federation (NRF) puts average losses at $726,351 per $1 billion in sales, with a median loss of $260,870.
In addition to high Read More
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Suggestive of their ability to fight back against a wave of shoplifting decriminalization efforts, the broader retail and loss prevention communities will likely be keeping an eye on a new state ballot initiative campaign in California.
The effort aims to modify Proposition 47, which passed in 2014 and raised the felony-shoplifting Read More
Shoplifting reports in California have increased in recent months. Retailers and law enforcement officials alike are wondering: Is Proposition 47 to blame?
The ballot measure, which was approved by California voters in November 2014, reduced the penalty for shoplifting merchandise valued at less than $950 from a felony to a misdemeanor. Read More