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Recommendations
For Firefox users, there is media bias / propaganda / fact check plugin.
https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/
- Consider including the article’s mediabiasfactcheck.com/ link
Simple example -- lets say you'd lose 2% of your inventory per year to theft if you did nothing. Your gross income would go down by 2%, so you compensate by raising your prices by 2%.
Now let's say instead you want to lose ~0% to theft. You'll have to hire guards, or more likely, contract out to a security company. That's now going to add to your annual expenditures, let's say 5%. If you want to compensate for that, you'd need to raise your prices by 5%.
So, here's the question -- what's actually the better option for the company? It's hard to say without real life numbers and estimates. But basically, it wouldn't be worth beefing up security if you'd pay more for that versus what you'd lose to theft.
And that's only the monetary side of things. Having very public incidents if the thief doesnt cooperate would be bad for business. Worst case scenario, the thief fights back and has a weapon. You're going to lose waaaaay more in sales than you would've if you just let them keep the contraband.
This is why a lot of companies are more lax on shoplifting these days. It just really isn't worth it. Plus, a serial shoplifter is going to show their face again anyway, and you can quietly accost them preemptively.
Again, what you're implying is that we should just allow petty theft... even 3rd world countries punish people for this...
It isn't worth the effort to punish in most cases