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The amended lawsuit also names two Hispanic teen-age girls as new plaintiffs who say they were detained Oct. 5 but not charged with shoplifting. It said their parents received several letters demanding hundreds of dollars in payments. The lawsuit contends the two girls did sign statements confessing to shoplifting, but under pressure from security officials who refused to let them call their parents. Ernst & Young estimates retailers lose about $46 billion annually due to employee theft, shoplifting and other inventory problems. Retail analyst Jay McIntosh said the median retailer loses 1.7 percent of total sales to “shrinkage.”

While employee theft accounts for nearly half of those losses, shoplifting occurs more frequently and makes up about a third of lost revenues. “When net income many only be 5 percent of total sales, 1.7 percent is a big deal,” he said. Federated’s profit margin was 5.3 percent in 2002. McIntosh said several women’s items outpaced the average rate of losses. An estimated 4.7 percent of fashion accessories and costume jewelry are lost or stolen — meaning nearly one out of 20 items shipped for sale simply disappear.

Fine jewelry has a loss rate of 2.7 percent; health and beauty items, 2.4 percent; and young women’s apparel 2.2 percent. Consumer electronics has a loss rate of 1.8 percent. The property valuation report is the thing that the monetary supplier you approach will use to determine that the property can really offer for at least the real credit sum you are asking. The Queensgate Holiday Inn that opened at 800 W. Eighth St. in December of 1964 is now independent. The Holiday Inn sign came down Tuesday, and the 12-story hotel is now operating as the Downtown Plaza Hotel, an independent operation that is not part of a national chain.

The hotel is owned by Lodgian Inc., an Atlanta owner and operator of hotels. The company emerged from a Chapter 11 bankruptcy last November owning 79 hotels; 18 other properties continued to operate under bankruptcy court protection. The 12-story Holiday Inn in Cincinnati was one of 18 properties that had been owned by the Lodgian subsidiary, Impac Hotels. Under an agreement reached through the bankruptcy court, the Cincinnati Holiday Inn lost its franchise agreement with the worldwide chain and must now operate independently, said Michael W. Amaral, executive vice president and chief operating officer of Lodgian.

He said the company has not yet decided whether it will make a further investment in the hotel, which underwent a $5 million renovation in 1998. In a $700 million deal, Procter & Gamble Co. has announced a tentative agreement to turn over its worldwide facilities management to Jones Lang LaSalle Inc., a Chicago-based property management company, for the next five years starting this fall.