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Transcripts for CNN New Day With John Berman and Brianna Keilar 20211125 13:22:00

Bucks or less, that s not a felony. that s just a misdemeanor. nick watt, cnn, los angeles. joining me now with how these smash and grab robberies are impacting retail, consumer and retail expert eta herzog. how much is this costing retailers? so, we re looking at around 759,000 per one billion dollars of merchandise sold. so for every $1 billion of merchandise, $759,000 of that is going to be stolen. now, you multiply that, we re expecting about a trillion dollars to be spent over the holiday season. we re looking at around $70 million worth of merchandise, potentially stolen, and nick had a point here, the felony thresholds are very, very they re much higher now. so these organized retail crime rings don t feel like they

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Robberies
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