The California Retailers Association President and CEO Rachel Michelin was in the national news this morning addressing Retail Theft and Retail Shrinkage. Watch the CNBC Squawk on the Street segment that was broadcast live from the New York Stock Exchange with Anchor Morgan Brennan and read the recent New York Post article below.

Rachel Michelin: “The problem now is that, people who are drug addicted, who have mental health issues, they will go into stores and they will steal. They will sell those items out on the street, they then make money, they then continue their habit or continue a destructive lifestyle."