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Business |ANALYSIS

Organized theft costs US retailers 700.000 dollars per each billion dollars in sales

Major retailers across the U.S. are facing a surge in organized shoplifting, with about 80 people participating in the organized ransack of a Nordstrom store in California and more than a dozen people swiping merchandise from a Louis Vuitton store in Chicago, where Neiman Marcus saw one of its store also looted. On Thanksgiving day another...

29 Nov 2021