Fed up with the rise in thefts and shoplifting, small-biz owners across U.S. are taking action

Posted by & filed under Part 1 Business in a Global Environment, Part 2 Starting and Growing Your Business, Part 3 Management: Empowering People to Achieve Business Objectives, Part 4: Marketing Management, Part 6 Managing Financial Resources.

Description: Shoplifters are hurting big retailers and chain stores, even reportedly forcing some locations in New York City and San Francisco to close up. But unlike many big retailers that can absorb the loss, some small-business owners say the crime wave is devastating to their business, especially now, with many still recovering from a global pandemic.

Source: CNBC.com – video report

Date: Feb 16, 2022

Link: https://www.cnbc.com/2022/02/16/fed-up-with-rise-in-thefts-and-shoplifting-small-biz-owners-take-action.html

Questions for discussion:

  • What are the consequences of shoplifting to retailers and customers?
  • How can managers deal with this issue?
  • Is this issue likely to impact ecommerce, in your opinion?

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