Retail theft skyrockets

Stark Reality Check.

A new survey finds that shoplifters and dishonest employees stole more than $6.7 billion in property from just 24 major retailers last year.

The 20th annual retail theft survey found 24 retailers, with more than 19,000 stores, apprehended a record 708,962 shoplifters and dishonest employees in 2007 and recovered more than $150 million in stolen property.

One in every 28.2 employees was caught stealing from their employer last year, based on over 2.3 million employees.

Survey: Retail theft skyrockets