It’s actually down in most areas.

Broader claims about trends in retail theft have not panned out. Walgreens, for example, cited spikes in shoplifting as an explanation for falling profits and store closures. The claim has since been retracted. Target blamed theft for a rash of store closures. But an analysis by researcher Jeff Asher showed that, according to the limited data available, the stores Target closed in Portland and Seattle had less crime than stores that were not closing. Reporting by CNBC in September 2023 also cast doubt on retailer claims about the impact of theft, noting that “certain retailers” have “pulled back” from blaming organized theft as “a primary cause of losses.” In fact, to the extent it can be relied upon, industry data cuts against the idea of a recent national spike in retail theft.