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Shoplifting spikes around the holiday season; already up in pandemic

Shoplifting spikes around the holidays
Posted at 8:19 AM, Dec 09, 2020
and last updated 2020-12-09 10:19:34-05

SALT LAKE CITY — Shoplifting spikes around the holiday season and that is just another challenge facing businesses in 2020.

A new study by Business.org shows that 88% of small businesses experience shoplifting, while 40% have experienced an increase in shoplifting since the pandemic began.

Overall, 64% of business owners experience increased theft around the holiday season.

Here are some findings from the study:

  • Customers aren’t the only ones stealing—1 in 3 employees get caught stealing from small businesses.
  • 32% of small businesses have increased the prices of their products in order to make up for shrinkage.
  • 28% of small business owners have had a shoplifting incident turn violent, while 2 in 3 businesses have called the police.
  • The shoplifter gets away with the merchandise 40% of the time.
  • 40% of small businesses have increased shoplifting since Covid-19