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Organized theft causes retailers to raise prices

Posted on June 8th, 2011 No Comments

According to the National Retail Federation, organized theft has reached an all-time high.  Retailers in the U.S. lose about $30 million to organized theft every year.

Dallas ranked third on the list of cities in the U.S. with the highest rate of organized retail theft and shoplifting and Houston ranked fourth.  As a result of the loss of profit that stores experience when they are hit by theft, many retailers are increasing their prices on everything from electronics to jeans.

In a survey conducted by the NRF, 95 percent of retail companies said that they had experienced organized theft over the last 12 months.  Furthermore, the survey showed that organized retail crime increased by 6 percent between 2009 and 2010.

If you or someone you know has been charged with shoplifting, contact the Houston shoplifting lawyers of Ross Law Group at 713-523-0404 to learn more about your rights.