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Shoplifting and retail theft have become a global problem, with rising incidents and violence. Retailers in different countries are implementing measures like covert security, body cameras and stab-proof vests. The role of technology in deterring shoplifting is explored, including the use of CCTV and facial recognition. However, privacy laws and the need for a combination of technology and human presence is also discussed.
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Quick takeaways
- The rise in retail crime can be attributed to factors such as economic challenges, drug use, and the online market becoming a platform for reselling stolen goods.
- Independent retailers face unique challenges in combating shoplifting due to limitations in accessing security measures and insurance, potentially threatening the survival of their businesses.
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Rise in Shoplifting and Theft
Retailers worldwide are experiencing a significant increase in shoplifting and theft. Incidents are becoming more violent, with retailers losing billions of dollars due to shrinkage. Factors contributing to this rise include economic challenges, drug use, and the online market becoming an avenue for reselling stolen goods.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode