On Wednesday, J.C. Penney (JCP) CEO Mike Ullman said on a conference call that although the business has turned a corner, employee theft and shoplifting are a problem. “This cannot continue,” Ullman said. “We are putting processes and disciplines back in place to control inventory shortage in our stores.” But J.C. Penney isn’t the only retailer with this problem: $13 billion worth of goods are stolen from U.S. stores annually, the National Association for Shoplifting Prevention estimates, and shoplifters are reportedly only caught every 48 times they shoplift; by then, a regular shoplifter has already stolen $1,800 worth of goods.
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8 Products Shoplifters Love to Steal - Yahoo Finance
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