The hot thing: hot product

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When the going gets tough, the tough pilfer.

High unemployment is giving people with less pocket money more free time to roam around stores. ... The recession also is creating a perfect environment for organized shoplifting gangs to flourish. That's because it's easier than ever to fence stolen goods such as designer jeans, flat-screen TVs or fashionable handbags.

Shoplifting increased by as much as 15 percent nationwide in 2008 and is thought to be rising in 2009. The Atlanta Journal-Constitution says theft is up in many counties across Georgia, as are gray-market sales and pawn shop traffic.

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Timely Demise tracks the retail industry as it changes with our unprecedented economic environment. Published by David Wertheimer. Did I miss something? Drop me a line.

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This page contains a single entry by David Wertheimer published on April 8, 2009 11:03 AM.

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