Target last week said it was bracing to lose half a billion dollars this year because of rising theft. Nordstrom, Whole Foods and some other big chains said they were abandoning San Francisco because of changing economic conditions or employee safety. Many other retailers have blamed crime for closing stores. It’s not clear that crime is growing significantly more serious.
A changing view of crime Mark Cohen, director of retail studies at Columbia Business School, agreed that the “multi-layered” problem of escalating retail crime does shine a light on social distress at any given point in time. “We’re in a period where bad behavior is legitimized, even normalized,” said Cohen. “Gun violence has exploded, bad behavior among citizenry has exploded, civil discord is high and Americans are very polarized.
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