Retail robberies in New York City are costing residents $4.4 billion annually, according to a report by the New York Post. This growing crisis has evolved beyond petty theft, contributing to a vast shadow resale economy that encompasses digital marketplaces and neighborhood bodegas. The Council on Criminal Justice reports that shoplifting rates in New York City have surged 64% from June 2019 to June 2023. Retail owners and law enforcement have expressed concerns about the complex underground networks driving this illicit economy. Efforts to combat this issue include partnerships between CVS and Attorney Generals to address the lack of prosecution for thieves. The epidemic is also highlighted by the involvement of organized crime rings targeting retailers such as Ulta, T.J. Maxx, and Walgreens.
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New York’s Shoplifting Epidemic Creating Shadow ‘Resale Economy’ as Businesses Lose Billions via @gatewaypundit https://t.co/VPfwSyhTPS
CVS partners with AGs to curb retail crime: Thieves 'not being prosecuted, and they need to be' https://t.co/OBaN1tM8mD https://t.co/u3qLo2rZ4A
Retail owners and law enforcement insiders have voiced their concerns to The New York Post, shedding light on the intricate underground networks that fuel this illicit economy. https://t.co/YmYzPHaQi4
The statistics are alarming: Shoplifting rates in New York City have skyrocketed 64% between June 2019 and June 2023, reports the Council on Criminal Justice. https://t.co/YmYzPHaQi4
The growing crisis transcends the act of petty theft, spiraling into a vast shadow re-sale economy that stretches from digital marketplaces to the corners of neighborhood bodegas. https://t.co/YmYzPHaQi4
The New York Post reports that retail robberies cost New Yorkers $4.4 billion annually https://t.co/wgToLxBYHm