New York CNN —
A year ago, America’s stores declared a shoplifting epidemic. They closed stores in major cities, hired extra security, locked up key merchandise and declared big losses in their financial statements.
This year, retailers are telling a very different story — or no story at all. It’s as if the shoplifting crisis suddenly vanished.
Take Target, for example.
Last year, Target said a scourge of petty theft and organized groups stealing merchandise dented its profit by more than $500 million. Target also closed nine stores, saying “theft and organized retail
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