Target said earlier this year that it expects to suffer as much as a $1.3 billion hit to its bottom line because of “theft and organized crime."
Mark 7:21-22 For from within, out of the heart of man, come evil thoughts, sexual immorality, theft, murder, adultery, coveting, wickedness, deceit, sensuality, envy, slander, pride, foolishness.
Important Takeaways:
- Shoplifting surged 64% in NYC — more than any other US city in past 4 years
- New York City has led the US with the sharpest increase in the number of reported shoplifting incidents since before the pandemic, according to a study.
- The Big Apple saw a 64% increase in reported incidents of retail theft during the four-year period between mid-2019 and June of this year, while Los Angeles experienced a 61% surge in the same metric, according to the Council on Criminal Justice.
- A New York Police Department spokesperson pointed to crime statistics showing that there were more than 93,000 incidents of petty larceny so far this year — which is 29% higher compared to the same period two years ago but 5% lower compared to the same period last year.
- LA, meanwhile, saw a 109% increase in reported retail theft incidents in the first six months of this year — the highest in the country, the report found.
- Dallas was second with a 73% bump in the number of reported shoplifting incidents in the first half of 2023.
- Virginia Beach, Dallas, Raleigh, Boston, and Pittsburgh are the other cities that saw a spike in the number of shoplifting incidents that were reported over the course of the last four years
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