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Podcast: Closer Look
Episode: How petty shoplifting evolved into a multi-billion-dollar organized crime
Description: Crime is out of control at stores across the country.A new report released by the Retail Council of Canada says the problem “has escalated into a national crisis, impacting profitability, employee safety, and consumer trust.”The report found that the level of shrink — loss of inventory due to theft and other reasons — has nearly doubled over the past five years to $9 billion.More than one-quarter of retailers (76.2 per cent) are reporting increased levels of violence during theft incidents, and repeat offenders account for nearly 18 per cent of arrests.The re...