Small Retailers Report Increases in Retail Theft, Raise Prices to Offset Loses

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WASHINGTON, D.C. - Over half (56%) of small businesses in the retail sector say they have been victims of shoplifting in the past year, according to a new survey released today by the U.S. Chamber of Commerce. Fifty percent of small retailers say the issue has gotten worse over the past year, and 46% of them have been forced to increase their prices over the past year as a result of shoplifting.  “Retail theft is not a victimless crime, and its increasing prevalence means greater danger for store employees and higher costs for law-abiding Americans. Store owners are not only confronted with traditional shoplifting, but increasingly with highly organized criminal gangs who seek to profit by taking advantage of gaps in the law. To better protect businesses, employees, and customers from falling victim to organized retail theft, it is incumbent upon lawmakers to make changes, including passing legislation to stop the sale of stolen goods

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US Chamber source|articles

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