Retailers in the United States are grappling with a serious challenge posed by rampant theft in larger cities. Despite being a growing epidemic that is becoming increasingly expensive, this issue has not received adequate attention. To address the problem, some major retailers have resorted to installing built-in locks on freezer doors and using padlocks on essential items like deodorants and toothbrushes in their stores located in major US cities. One such retailer, Nike, has announced the permanent closure of its Portland factory store, which was initially closed down a year ago due to theft problems. The decision to close the store was prompted by the rising incidents of petty theft, shoplifting, and organized retail crime, which are estimated to cost the industry approximately $100 billion. The National Retail Federation’s annual security report has also confirmed the high cost of theft to the retail industry.
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