Oregon police execute shoplifting sting as theft projected to soar past $110 billion by 2025
Police in Oregon arrested 11 people during a sting as the national shoplifting crisis continues to tear holes in retailers' budgets
By Chris Eberhart FOXBusiness
Police in Oregon arrested 11 suspects in a shoplifting sting this week.
Stores across the country lost billions in retail theft last year, according to research by Capitol One Shopping Research.
Local shoplifting is typically accompanied by relatively low-level criminal offenses and not tied to national headlines, but it's a retailer's death by a thousand paper cuts and emblematic of a significant issue plaguing brick-and-mortar retail stores from mom-and-pop shops to giants like Walmart and Target.
Stores lost an estimated $86.6 billion to retail theft in 2022, and projections indicate that in 2025, the amount may reach $115 billion, according to Capitol One Shopping Research.
https://www.foxbusiness.com/fox-news-story/oregon-police-execute-shoplifting-sting-theft-projected-soar-past-110-billion-2025