Organized retail theft ring that targeted Macy's, other retailers is charged in New York

A New York beauty store just blocks away from the Empire State Building resold more than $1 million worth of goods that'd been stolen from Macy's and a slew of other retailers, authorities said Wednesday.

Two New Yorkers were charged with possessing more than $1 million in stolen goods and reselling them through their business, Rehana's Cosmetics, a perfume and cosmetics store in Midtown Manhattan, the borough's district attorney Alvin Bragg said at a press conference.

About $212,000 of the merchandise was stolen from Macy's, while the remaining came from CVS, Rite Aid, Walgreens and Walgreens-owned Duane Reade, Ulta, Victoria's Secret, Bath & Body Works and the NHL Shop, Bragg said.

"Through our investigation, we found that Rehana's Cosmetics was well known to shoplifters, who would willingly bring them stolen items," Bragg said. "We allege that created a motive for shoplifters to steal, and thus that the defendants, we allege, were drivers of crime."

Rehana's Cosmetics, Bragg alleged, claimed to be a "beauty and perfume store" but was instead found to have hundreds of boxes filled with products not typically found at such stores, including designer purses, over-the-counter medications, kitchenware and more. He said the defendants obtained the stolen items from shoplifters for the purpose of reselling.

"The root cause we allege here is greed," Bragg said. "They were doing this to make money. This is the motive that is old as time."

The charges come as retailers like Target and Ulta increasingly cite theft as a growing problem at their stores. In March, a monthslong CNBC investigation showed how police broke up an organized retail crime ring that stole millions in cosmetics from Ulta stores and resold them on Amazon.

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