Amid a surge in organized shoplifting, Best Buy CEO Corie Barry has said that the crime wave is “traumatizing” employees and making hiring and keeping staff difficult.
The retailer is not the only outlet targeted by criminals.
Organized shoplifting has “increased dramatically” over the last two years, Illinois Attorney General Kwame Raoul warned in September. Raoul pointed to shocking figures from the retail industry – theft investigations were up 86% at Home Depot, shoplifting was up 30% at CVS, and Lowe’s Home Improvement recorded $1.3 million in losses due to theft last year, compared to $388,000 in 2019.
Join your host Sean Reynolds, owner of Summit Properties NW, and Reynolds & Kline Appraisal as he takes a look at this developing topic.