.......I closed two stores in 1981. Shoplifting was about 51% of my reasoning. Back then, we tolerated 3-5%. But, after ten years our lease was up and it was depressing to think about another ten years. So, we just moved out when the lease was up. Several decades later I can say it was the best business move I ever made.
Many decades ago I worked at a conglomerate that owned a bunch of retail stores.
They had us sort a huge Excel spreadsheet by most profitable to least profitable stores—and automatically closed the 5% least profitable every year.
When you took a deep dive into the numbers shoplifting and employee theft rates were usually the primary difference between the worst stores and the best stores.