Economic Impact and Response From Shops
Retailers report that shoplifting has a significant effect on their bottom line, stating that about 0.6% of all inventory disappears to shoplifters. In 2001, it was claimed that shoplifting cost US retailers $25 million a day. Observers believe that industry shoplifting numbers are over half of by employee theft or fraud and the rest by patrons. Of course, if apprehended during the shoplifting the merchandise is generally recovered by the retailers and there is often no loss to the store owner when the merchandise is surrendered to the store by the suspects. In addition, in many states retailers have the right to recover civil damages to cover the cost of providing security.
According to a December 23, 2008 article in the Pittsburgh Post-Gazette, Dimperio's Market, the only full service grocery store in the Hazelwood neighborhood of Pittsburgh, Pennsylvania, is closing because of shoplifters.
Read more about this topic: Shoplifting
Famous quotes containing the words economic, impact, response and/or shops:
“A society which is clamoring for choice, which is filled with many articulate groups, each urging its own brand of salvation, its own variety of economic philosophy, will give each new generation no peace until all have chosen or gone under, unable to bear the conditions of choice. The stress is in our civilization.”
—Margaret Mead (1901–1978)
“Conquest is the missionary of valour, and the hard impact of military virtues beats meanness out of the world.”
—Walter Bagehot (1826–1877)
“[In response to this question from an interviewer: “U. S. News and World Report described you this way: ‘She’s intolerant, preachy, judgmental and overbearing. She’s bright, articulate, passionate and kind.’ Is that an accurate description?”:]
It’s ... pretty good [ellipsis in original].”
—Joycelyn Elders (b. 1933)
“Now in contiguous drops the flood comes down,
Threat’ning with deluge this devoted town.
To shops in crowds the daggled females fly,
Pretend to cheapen goods, but nothing buy.”
—Jonathan Swift (1667–1745)