At the beginning of the month New York Gov. Kathy Hochul introduced a $40 million package aimed at combating the rising retail theft across the state. It included retail-focused anti-theft teams for police and legislation proposals that increase penalties for anyone who assaults retail workers, as well as a $5 million tax credit to help small business owners invest in security for their shops.

Retail theft, particularly organized theft, has become a mounting problem for store owners and one that is increasingly dictating the question of whether a particular location should remain open.  Officials are starting to take note and put in place measures to help stem the tide. And what a tide it is: according to the National Retail Federation's most recent Retail Security Survey,  $112.1 billion was lost in 2022 to retail theft, up from 2021's $93.9 billion.

It has become a significant problem, says Mark Sigal, CEO of Datex Property Solutions, who tells GlobeSt.com that the risk of violence or litigation deters store-level personnel from confronting petty criminals, especially as theft escalates into coordinated syndicates. Sigal, from San Francisco, highlights the link between community behavior incentives and crime rates, emphasizing the need for balanced enforcement measures by city authorities.

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Natalie Dolce

Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.