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The numbers for 2022 have not yet been released, but theft cost retailers $95 billion in 2021, a 4% increase from the year before, according to the National Retail Federation. A survey by Business.org finds more than half of mom-and-pop shops facing an uptick in shoplifting. Now some small and large retailers are fighting back with facial recognition technology intended to deter first-time shoplifters and to catch repeat offenders. ABC News Correspondent, Dallas, Jim Ryan explains.
See omnystudio.com/listener for privacy information.
By Debbie Dujanovic and Dave Noriega4.1
4040 ratings
The numbers for 2022 have not yet been released, but theft cost retailers $95 billion in 2021, a 4% increase from the year before, according to the National Retail Federation. A survey by Business.org finds more than half of mom-and-pop shops facing an uptick in shoplifting. Now some small and large retailers are fighting back with facial recognition technology intended to deter first-time shoplifters and to catch repeat offenders. ABC News Correspondent, Dallas, Jim Ryan explains.
See omnystudio.com/listener for privacy information.