#1,548 - Colorado hardware store deals with DAILY organized retail theft

Todd Erwin said retail crime is rocking his Colorado Ace Hardware store daily, and the problem that once consisted of petty thieves and small shoplifting has since escalated into something much worse.

"We're getting hit every single day," he told FOX Business' Maria Bartiromo on Monday.

Erwin, whose family has owned Ace Hardware stores for generations, said what used to be recurring petty theft has since become much bolder and more organized, with criminals bringing along tools to get away with larger items.

"It's pretty brazen. They're coming in with organized crime – cell phones, getaway vehicles, working against our management team. The petty theft that it used to be every day, now it's the big, brazen large-ticket items, just walking out of our doors with hundreds of dollars every single day," he said.

Erwin added that thieves bringing in weapons is "definitely a concern" for his employees, but said that hiring security to keep watch would be "extremely expensive."

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