A new study by the Centre for Retail Research estimates that U.S. retailers will lose $8.9 billion dollars over the holiday season due to shoplifting and employee theft.
Quincy Police Department officials said they see a spike in shoplifting during this time of the year.
The revenue loss will cost about $98 per each family's shopping receipt for Christmas shopping.
As shoppers head to the store to pick up Christmas gifts, shoplifters are trying blend in and take off with merchandise.
"It does peak a little bit during the holiday season," said Hannibal JC Penny manager Jason Friedel.
Friedel said he works with other stores in the area to crack down on shoplifting.
"If we notice anything or if they notice anything we communicate with each other. What are we seeing? This individual was in my store you might want to be aware," said Friedel.
Friedel said he also relies on the help of security cameras strategically place throughout the store and his customers.
"A lot of them just tell me what they hear on the street. If people brag about it, a lot of our customers they care about prices going up," said Friedel.
Quincy Police officer Paul Hodges said thieves are simply taking advantage of the holiday season.
"I think there probably are more shoplifters when there are more shoppers in the store because in their minds it might be a little easier to blend in a get away with it," said Hodges.
Hodges warns potential shoplifters that the police are on the lookout for them.
"A lot of times during the holiday season we do have officers walking around the mall just to kind of deter people from shoplifting," said Hodges.
What are the top ten most stolen items? See below:
2. Women's clothing and fashion accessories
4. Perfume and health and beauty gift packs
5. Electronic devices such as smartphones and tablets
6. DVD gift sets and game consoles
7. Food and Christmas decorations
8. Electrical goods such as hardware/DIY products
9. Watches and jewelry
10. Chocolates and confectionery
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