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Retail Crime Evolves Beyond Shoplifting | Toronto News
Canadian retailers are locked in a high-stakes battle against escalating organized retail crime—now more violent, costly, and digitally sophisticated. With losses hitting $9 billion annually, the threat extends far beyond shoplifting, endangering employees, customers, and business viability. Stores are shuttering, hours are changing, and expansion plans are being rewritten as safety and security become top priorities. Meanwhile, first-party fraud has surged 31%, and cyberattacks are draining an average of $7 million per business. Loss prevention is no longer just about catching thieves—it’s…
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