(Tyler Durden – Zero Hedge) New York City’s struggling small businesses are dealing with one of the worst spikes in retail theft rates in recent memory. And owners aren’t sure whether Mayor Eric Adams’ decision to roll back certain COVID restrictions will improve the situation, or make it worse.
The owner of a couple of downtown boutiques said she has never felt “more exhausted” trying to protect her businesses from emboldened shoplifters and criminal crews working small retail businesses.
Someone shattered the front door overnight and ripped out the cash drawer. The new security gates cost $2,300. The streets became quieter after four neighboring businesses closed permanently during the pandemic, emboldening shoplifters. Two security guards quit.
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