Retail theft is soaring across the U.S., with large chains like Best Buy (BBY) and Walgreens (WBA) beset by increasingly brazen and widespread instances of shoplifting that’s hurting their bottom lines.
In recent weeks, reports of “smash and grab” robberies in major cities — featuring crowds of thieves making it off with electronics, clothing and footwear, have flooded social media.
Security experts cite a litany of reasons including fallout from the COVID-19 pandemic, overwhelmed law…
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