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Friday, December 13, 2013

Criminal Justice Quote: The Cost of Shoplifting

Shoplifting incurs remarkable real-life costs for retailers and consumers. The "crime tax"--the amount every American family loses to shoplifting-related price inflation--is more than $400 a year. [This does not include the cost of retail security to combat it.] Shoplifting cost American retailers $11.7 billion in 2009. The theft of one $5 item from Whole Foods can require sales of hundreds of dollars to break even.

Rachel Shteir, The Steal, 2009

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