Shoplifting and theft continue to hurt big retailers, chain stores, including pharmacies but it’s even harder for small businesses still trying to recover from the pandemic, notes Grumpy Editor.
CVS, the drug store chain, reports a 300 percent increase in retail theft incidents since the pandemic started.
Some small-business owners say they’re losing thousands of dollars each month and won’t submit every claim to insurance, fearing being dropped.
In combating shoplifting incidents, Target, for example, turns to surveillance systems, security guards, facial recognition, among multiple deterrents to reduce the number of shoplifting incidents that occur.
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