Retailers are shaping a wave of laws to crack down on organized theft — here's how they do it
Publishing timestamp: 2023-08-11 15:07:48
Summary
The article discusses how retailers are threatening to shut down stores and raise prices if organized retail theft is not addressed. Nine states have passed new laws to crack down on organized retail theft, and Congress is considering federal action. However, experts question whether these laws will actually reduce crime and express concerns about the potential disproportionate impact on marginalized groups. The article also mentions the Inform Act and the proposed Combating Organized Retail Crime Act (CORCA), which aim to deter organized retail crime and impose stiffer penalties. Critics argue that the focus should be on addressing root causes rather than simply increasing penalties. The article emphasizes the economic importance of the retail industry and the potential consequences of store closures.
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Keywords: macy's inc, retail industry, u.s. economy, crime, breaking news: business, business, walmart inc, target corp, business news, ebay inc, social issues, amazon.com inc, chuck grassley,