Coordinated crime sprees forcing retailers to close stores, limit hours | Seattle RE Podcast

Coordinated crime sprees in major cities in California, New York and elsewhere are forcing retailers to close stores and limit operating hours, as packs of shoplifters regularly make off with hundreds of dollars-worth in merchandise to be resold online, at street markets or returned for gift cards.

Amid a crime wave sweeping San Francisco, five Target store locations are reducing operating hours, closing at 6 p.m. instead of the usual 10 p.m., as managers seek to secure merchandise and employee safety, Forbes reported. Organized gangs brazenly steal branded items even with security present, as California raised the threshold for a felony charge from $450 to $950 in stolen goods.

San Francisco Police Chief William Scott told NBC Nightly News thieves calculate the worth of shoplifted goods to fall below the felony threshold, meaning officers cannot take action for misdemeanor theft and stores must be willing to hire security guards to make a private persons arrest.

Join your host Sean Reynolds, owner of Summit Properties NW and Reynolds & Kline Appraisal as he takes a look at this developing topic.

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