A woman from Braddon was arrested on Thursday after allegedly being found with more than $2600 worth of stolen goods and a knife, police say.
About 2pm, police were called by a store in Canberra City after their security system alerted them to a customer stealing goods.
A description of the alleged offender was then given to police before they conducted a search.
About 3.30pm, police located a woman matching the description nearby.
They found she was allegedly in possession of more than $2600 worth of stolen goods, including 15 handbags with some containing cosmetics sold in the store.
She was also allegedly carrying a knife in one of the bags.
The 33-year-old is set to face the ACT Magistrates Court on Friday with charges of theft and possession of a knife without a reasonable excuse.
She is also allegedly in breach of good behaviour obligations.