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Monday, December 3, 2018

The Five-Finger Discount

     Everyone needs a little boost to beat the holiday blues. For some during a down economy, it's shoplifting. Retailers call it "shrinkage," the loss of inventory from the store shelves or storage from sticky-fingered shoppers and employees. The total cost to retailers last year was $112 billion, including losses from employee and supplier fraud, and organized retail crime gangs….

     And it goes up during the holidays, but not because thieves are trying to make Santa's bag bigger. Experts say that most thieves are in it for themselves.

     The thought going through a shoplifter's head is simple: "This is the time of year when we gift others, so we should gift ourselves as well," says Robert McCrie, a professor of security management. "People tend to shoplift for themselves, not to find gifts for other people."

     According to an analysis of the most recently available FBI data, conducted by the John Jay College of Criminal Justice…national shoplifting arrests averaged 80,889 during November and December 2015, an 8.95 percent increase over the prior two months, and higher than the non-seasonal average of 71,073 offenses….

     And as the economy weakened, shoplifting increased. From 2009 to 2015, annual shoplifting offenses rose from 698,233 to 997,739, according to the FBI, a nearly 43 percent increase.

Ben Popken, "Christmas on Five-Finger Discount for Shoplifters Seeking Holiday High," NBC News, December 24, 2013 

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