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Essay / Research Paper Abstract
A 6 page paper. What are the real effects of shoplifting? This is the question that is addressed in this essay. Shoplifting is the most common nonviolent crime in America. It is one that affects the business owner's profit and it is one that affects the consumer's prices and the economy in general. It is a crime that affects every industry, there is no business immune to this crime. Statistics and examples are included. Bibliography lists 7 sources.
Page Count:
6 pages (~225 words per page)
File: MM12_PGshplft.doc
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Unformatted sample text from the term paper:
stealing a pen or some other low-cost item valued at $1.50. Shoplifting may be a petty crime but it is one on the rise in every place of business. It
is, in fact, the most common nonviolent crime in the U.S. Shoplifting is such a prevalent problem in the country today that many stores automatically increase their prices by as
much as 10 percent to cover the losses they know they will suffer (How Shoplifting Affects You And Your Family). The Eleventh Annual Retail Theft Survey revealed that about $3.4
billion worth of merchandise was stolen from just 31 retail companies in 1998. There were 11,696 stores involved in the study with a combined annual sales of $281 billion. Merchandise
was stolen by both employees and shoplifters. These stores were able to recover $143 million of that total. That study revealed that employees in these stores stole 8.2 times the
amount stolen by shoplifters (Discount Store News 18). The 10th annual Retail Theft Survey conducted by Jack L. Hayes International reported that of 11,202 stores included in their survey,
780,000 apprehensions were made in 1997. Dealers recovered only 4.13 percent of their losses. Another fact was that for every $1.00 lost in retail stores from theft, the company actually
loses $23.21. In other words, stores recover very little of the value of the stolen merchandise. Still, the statistics improve in favor of merchants each year. Although shoplifting by employees
and customers increased, so did the apprehension of them. Merchants recovered $68.5 million in 1997, which represented a 10.94 increase over 1996 (HFN The Weekly Newspaper for the Home
Furnishing Network 14). The University of Floridas 1997 National Retail Security Survey (NRSS) revealed that inventory shrinkage, i.e., theft, from 227 retail companies representing 24 retail markets was 1.77 percent
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