What defines retail fraud - theft?

Retail fraud is defined as the illegal act of taking property offered for sale from a retail establishment with the intent to permanently deprive the owner of the property. The correct choice highlights the essential element of intent to remove the property permanently, which is a key component of theft offenses.

The act of moving property with the intention of permanently removing it is indicative of the individual's desire to deprive the retail establishment of its merchandise unlawfully. This aspect of intent is crucial in the legal definition of theft, as it distinguishes legitimate transactions from criminal actions.

In contrast, other options do not accurately capture the essence of retail fraud. For example, taking property with the intent to return it suggests an action that lacks the requisite intent to commit theft, as the individual plans to relinquish the item. Exchanging items for lesser value or discounting items at the register pertain to legitimate business practices and do not imply any intent to unlawfully deprive the store of its merchandise. Therefore, the correct answer comprehensively addresses the legal definition of retail fraud by focusing on the intent to permanently move the property, which is foundational for establishing theft.