As if we don’t have enough home grown hyper-shoplifters, we’re importing more. From Tyler Durden at zerohedge.com:
In a shocking but not surprising twist, a new report reveals a Mexican cartel connection in America’s retail theft epidemic that cost companies like Walmart, Target, Kohl’s, Home Depot, and Foot Locker, among others, $100 billion last year. Amid the chatter on earnings calls, the number of times CEOs mentioned “shrink” – the loss of inventory due to circumstances such as retail theft – surged to a record high. Yet again, this is another consequence of failed open border policies pushed by radicals in the Biden administration that flooded the nation with millions of illegal aliens.
We’ve all seen the videos posted on X, formerly known as Twitter, of masked criminals raiding retailers. Now, the Washington Examiner explains some of those thieves are tied to Mexican cartels:
Mexican cartels are behind the spike in organized retail crime and are deeply entrenched in every level of the process, according to the federal government’s chief investigative agency.
Retailers nationwide sustained nearly $100 billion worth of losses in 2021, the highest year on record, according to the National Retail Federation report published in September 2022. The growing number of cartel-run theft rings around the country drove that figure up from $70 billion in 2019.
