NY retailers lost $4.4 billion due to organized shoplifting rings in 2022: group

Retailers across New York state say there’s no end in sight to the rising epidemic of organized shoplifting rings — and warn it could lead to more store closures, increased costs for consumers and threats of violence against store employees.

Store owners said they lost $4.4 billion last year as a result of retail theft — which they say adds to the urgency for Gov. Kathy Hochul to crack down.

However, Hochul vetoed a bipartisan bill last week — to the chagrin of store owners — that would have created a task force to combat organized theft.

Hochul rejected a proposal that would have created a 15-member panel made up of experts appointed by the governor, Legislature and the state attorney general that would have put together a list of recommendations to respond to retail theft.

The Retail Council of New York State, the Albany-based lobbying group which represents retailers statewide, said it was “extremely disappointed” by Hochul’s veto.

https://nypost.com/2023/11/26/business/ny-retailers-blast-hochul-over-theft-which-has-cost-stores-4-4-billion/

Uh-oh! It looks like you're using an ad blocker.

Our website relies on ads and the generous support of readers like you to keep delivering free, high-quality content. Right now, we are facing serious funding challenges and we need your help more than ever. Disable your ad blocker and this message will vanish. You can also sign up for a membership to enjoy an ad-free experience while supporting our work: https://citizenwatchreport.com/plans/subscriptions/ Your support helps us stay independent, continue our work, and keep content free for everyone. We truly appreciate your understanding and thank you for standing with us.