SINGAPORE: In the dynamic realm of small business, the spectre of break-ins and thefts casts a long shadow over the aspirations and efforts of entrepreneurs and operators.
in the retail sector in the US have been victims of shoplifting in the past year, underscoring that no industry is safe from this scourge., reveals that shoplifting has become the most prevalent form of physical crime, with a staggering 21.4 per cent increase from 2022 to 2023, reaching 3,939 cases.
Despite a decrease in other crimes, such as robbery, snatch theft and motor vehicle theft, the rise in shop thefts is attributed to the increased use of CCTVs, manpower challenges, and the expansion of retail space.Maid steals $12,000 after she was entrusted with employer's bank card, claims she won the money from lottery winnings
The first quarter of 2024 saw a continuation of this trend, with 977 shop theft cases reported, a 10.2 per cent increase from the previous year. A Watson spokesman noted a 30 per cent rise in shoplifting incidents in the first quarter of 2024 compared to the same period in 2023. Retail outlets such as department stores, supermarkets, pharmacies, and convenience stores are the most affected, with common targets including food and beverages, alcoholic drinks, personal care products, cosmetics, apparel, and accessories.that incidents of shoplifting attempts are not isolated. A Watson spokesman highlighted that trendy products like skincare, makeup, and medication are frequent targets.
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