The technical definition of shoplifting is larceny of merchandise from a retailer. Larceny is a form of theft that is divided into two categories: petit and grand. Petit larceny is stealing property worth less than $1,000, while grand larceny is worth more than $1,000.
Petit larceny is a misdemeanor, and grand larceny is a felony. When it comes to shoplifting, perpetrators are punished based on the value of the merchandise they stole.
In addition to jail time and fines, business owners can sue a shoplifter for the retail price of the stolen merchandise or a percentage of the diminished value of the merchandise. If a minor shoplifts, one or both of their parents could be sued. Sometimes, instead of jail time, community service is ordered.