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Retail theft keeps climbing. California Atty. Gen. Bonta tries a new tactic to fight itRetail chains are adding more security measures to combat retail theft. California Atty. Gen. Rob Bonta on Tuesday announced a new partnership between the Justice Department and more than a dozen retailers and online marketplaces to crack down on organized retail crime in the state.
'We're investing in more security guards': The Home Depot CEO warns that theft is a 'big problem' for retail — says he even has to lock up small $50 items. What's behind the alarming trend?Retail giants have always had to deal with petty theft. But a growing trend of organized retail crime is now not just eating into company profits, it’s threatening the safety of workers.“It’s a big problem for retail,” said Home Depot (NYSE: HD) CEO Ted Decker on CNBC’s Squawk Box. “This isn’t the random shoplifter anymore.”