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What happens next is organized crime. The government bureaucrats don't care if a bunch of stores go bankrupt. They are completely isolated from their bad decisions.

Instead, small mom and pop stores will resort to hiring crime syndicates to protect their stores. Blacks will stop robbing them after the first few get knee capped. A few crack heads will try every so often and meet the same fate. The crime syndicates will "tax" the stores as much as possible without bankrupting them. Look at where these laws allow robbery under $1k have been enacted. 50% are within reach of the southern border.

Who are these organized crime families going to be? Mexican cartels! They've been paying off politicians on the US southern border for over a decade now. This is how they will get a strong foothold and large number of businesses with which the lander their ill gotten gains.

Look at Kate Steinle's killer. If his name was Antonio Ricci or any other stereotypical Italian name then everyone would say he got off because he as a member of the Italian Mafia. He got off because he was important to some Mexican crime family, but no one is saying such an obvious conclusion. They are already operating in these cities and will be using this lawlessness to expand.