IntroductionShoplifting, often referred to in small-town newspaper police logs by its statutory title of concealment, is one of most frequently committed, agonized over and costly crimes in societies around world. Sociologists, psychologists, merchandizes, entrepreneurs and loss-prevention experts have long studied this international phenomenon. Social scientists look for environmental and psychological factors that might explain motivations for shoplifting, and retailers generally search for ways to thwart shoplifting to reduce lost profit. The actual number of shoplifters, number of incidents and amount of financial loss due to shoplifting is difficult, if not impossible, to determine as many incidents go undetected or unreported to police. The National Crime Victimization Survey (NCVS, 2012) claims that roughly two-thirds of all thefts go unreported, and some experts (e.g., Dabney, Hollinger & Dugan, 2004; Hollinger & Davis, 2002) think shoplifting is one of most underreported crimes. Shoplifting and demographic profile of shoplifter are also inherently difficult to explain. According to New Hampshire Revised Statutes Annotated (USA), A person is guilty of willful concealment if, without authority, he or she willfully conceals goods or merchandise of any while still upon premises of such store (NHRSA, 2016, p. 637, 3-a). Also defined as the act of stealing merchandise offered for sale in a retail store (Perlman & Ozinci, 2014, p. 685), misdemeanor of shoplifting has been vigorously studied because of its economic, retail trade, loss prevention, and theoretical interest. The authors of this paper focus on theoretical perspective.There are many examples of extent and financial cost of shoplifting around world. In Pakistan, despite an increase in modern security and surveillance, pilferage of smart phones and mini laptops has dramatically increased (Rana, 2015). India, an emerging global power, ranks as one of world's leading nations in shoplifting with a $1.6 billion annual loss (Sharma, 2010). In Russia's plunging economy, reported shoplifting accounted for a $12 million loss, but unofficial estimates put loss at closer to $26 million (Telegraph.co.uk, 2015). When India, Russia and United States are compared in terms of economic relativity of financial loss (meaning percentage of loss compared to their GNPs) India was first, Russia second and United States third (Magnier, 2011). Bamfield (2004) studied 476 major European retailers and reported that over 1.2 million shoplifters were apprehended in 16 countries, including France, Germany, Greece, Austria, Spain, Norway, United Kingdom and Italy. In Australia, shoplifting is biggest cause of retail shrinkage and, along with other forms of retail theft, contributes to a $2.7 billion loss (Thompson, 2015). Even in Finland there were over 45,000 reported cases (Kajalo & Lindblom, 2011). Needless to say, wherever it occurs around world, magnitude of shoplifting negatively impacts police work and courts, adds to costs of goods, and results in loss of sales taxes for towns and cities.In United States, financial loss to retailers due to shoplifting is around $10-13 billion each year (Bamfield, 2010; Blanco, Grant, Petry, Simpson, Alegria, Liu & Hasin, 2008; Chen, Shyu & Kuo, 2010; Dabney, et al., 2004; Forney & Crutsinger, 2011). Shoplifting and worker theft together cost American retailers about $32 billion each year (Wahba, 2016). According to Bressler (2011), shoplifting in United States has recently increased 11.2%. The National Association for Shoplifting Prevention (NASP, 2016) estimates that there are 27 million shoplifters in American today. The Federal Bureau of Investigation (FBI, 2014) Uniform Crime Reports specified 1,259,577 reported incidents. Shoplifting accounts for 21.5% of all reported larceny-thefts. …