verb (T) (change for)

(B1) to take the place of something, or to put something or someone in the place of something or someone else:

The factory replaced most of its workers with robots.

Tourism has replaced agriculture as the nation's main industry.

(B1) If you replace something broken, damaged, or lost, you provide a new one:

I promised to replace the plate that I'd dropped.

verb (T) (put back)

(C2) to put something back where it was before:

The librarian replaced the books correctly on the shelves.

Don't worry - all that stolen stuff is replaceable.