As Walmart shuts down four stores in crime-ridden Dem-led Chicago, DailyMail.com lists all the big box shops - from Macy’s to Target - which have closed due to millions in losses from rampant theft
https://www.dailymail.co.uk/news/article-11965589/The-stores-closed-doors-rampant-theft.html
By Kamal Sultan For Dailymail.Com
Published: 07:13 EDT, 16 April 2023 | Updated: 07:21 EDT, 16 April 2023
Major retailers in the US have been forced to shut down shops due to millions of dollars in losses, as rampant theft plagues big box stores across the country.
In 2021, companies lost a combined $94.5billion to shrink, a term used to describe theft and other types of inventory loss
Here DailyMail.com lists all the big box stores which have been forced to close their doors after being savaged by rising theft....
Major retailers in the US have been forced to shut down stores due to millions of dollars in losses as rampant theft plagues big box stores across the country.
This week, Walmart announced it will shut down four of its stores in Chicago just weeks after America’s biggest employer shuttered its only stores in Portland.
It comes as shoplifting reaches alarming levels and other large retailers, including Target, Macy’s and Best Buy, are now making good on threats to shutter outlets if petty crime was not lowered.
In 2021 retailers lost a combined $94.5billion to shrink, a term used to describe theft and other types of inventory loss. And organized retail crime incidents soared by 26.5 per cent in the same year, according to the 2022 National Retail Security Survey.
Along with brazen daylight thefts, self-checkouts have also made it easier for people to walk out without paying for items.
Progressive district attorneys in cities like Chicago, New York, Portland and California have also been blamed for effectively legalizing shoplifing with either not prosecuting thefts under $950, or letting criminals off with a slap on the wrist.
Here DailyMail.com lists all the big box stores which have been forced to close their doors after being savaged by rising theft.