Retail crime cost the U.S. more or less $30 billion a year and still growing! And some household items that people steal may surprise you!
The Holy Bible is available for free at many places of worship, so perhaps there’s less guilt associated with pilfering a copy. Let’s hope they make it to the part about “repentance” in their stolen copy of the good book.
The most popular laundry detergent comes in big, bright orange containers, and you’d think that would make it tough to slip under your jacket. But thieves make big bucks off of stealing Tide because they’re able to sell the detergent back to stores for significantly cheaper than Tide’s maker, Procter and Gamble ( ), charges them. Stores still resell them at the same price, meaning more profit.
Criminals also reportedly exchange the detergent for drugs, with a 150-ounce bottle going for either $5 in cash or $10 worth of marijuana or crack cocaine.
High-end Vacuum Cleaners
It doesn’t seem like these big household appliances would be easy to slink away undetected. But according to Rich Mellor, the National Retail Federation vice president of loss prevention, the updated versions are lighter, sleeker and come in smaller boxes that don’t attract a lot of attention.
So what makes them so desirable to thieves?
“These are highly valuable, very expensive and easy to resell,” Mellor said. “But even though people need them, the only time people really want to buy them is when they can get them cheaper.”
First, they’re easy to steal. Many little boxes can be stuffed quickly into a bag in one fell swoop. Second, the tests themselves, like many other over-the-counter items at drug stores, can be pricey.
And third, people hate paying a lot for something they’re only going to use once. Knocking a few bucks off the price tag takes the edge off.
Now, if only the thieves would offer a bundle deal to include diapers and baby formula …
German police reported that 5,000 jars of Nutella were stolen from a former railway station in Niederaula in only one month. The stolen jars were valued at about $21,000.
But the Nutella snatching was also happening much closer to home. The Columbia Spectator, the student newspaper at New York’s Columbia University, reported that the cafeteria was going through up to 100 pounds a day of Nutella when it first appeared in dining halls.
Vicki Dunn, executive director of dining services, told the paper that students were filling to-go cups with Nutella or even taking full jars with them. But within a few weeks, she said students slowed down on what they were making off with.
Whether it was fears of the Freshman or guilty consciences that caused them to pull back, we’ll never know.
A spate of hair extension heists has been sweeping cities like Chicago, Philadelphia and Houston. Thieves are targeting remy hair extensions, which are top-of-the-line human hair that cost up to $1,000 per pack.
The silkiness comes at a cost. The average person uses two packs each time and the hair needs to be replaced every three to six months.
Two burglars got away with thousands of dollars in hair extensions from a Chicago beauty supply store. Over the last several years two different heists netted $320,000 worth of extensions.
According to the NRF’s Mellor, the more advertising that goes into a product — and energy drinks are marketed like crazy – the more valuable of a target it becomes.
Thieves are all but guaranteed to resell them quickly.