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retail-theft

Former Target vice-chairman says the internet is 'like a flea market on steroids' for getting rid of stolen products

Fri, 09/29/2023 - 08:13

Outside of Target store with employee — Target is widely regarded as a great place to work, but current and former employees say there's more to the story
Associated Press

Retail, Retail, Target, Crime, trending-uk, retail-crime, organized-retail-crime

Shoplifting and other inventory loss cost retailers $112 billion last year

Tue, 09/26/2023 - 11:12

Tide laundry detergent bottles locked up inside CVS store — Tide laundry detergent bottles with a security locking system to prevent theft at a CVS pharmacy, Queens, New York.
Lindsey Nicholson/UCG/Universal Images Group via Getty Images

Retail, national-retail-federation, nrf, organized-retail-theft, organized-retail-crime, Theft, Shoplifting

Costco, Lowe's, Best Buy, and Tractor Supply are winning the battle against retail theft in a strikingly similar way

Sat, 09/23/2023 - 08:27

A sales associate processes the purchase of a hard drive at a Best Buy store after doors opened at 5 a.m. on Black Friday, Nov. 26, 2021, in Lone Tree, Colo. — A sales associate processes a purchase at a Best Buy store in Colorado. Retailers say adequate staffing is one way to fight retail theft.

Retail, retail-theft, Shrink, Costco, best-buy, lowe-s, tractor-supply

Fog is the latest tool retailers are deploying to fight theft

Tue, 09/19/2023 - 05:00

A Density Security Fogger is demonstrated in a big box store — The fog is made with the same chemicals as that used in concerts or theatrical performances, which is considered harmless to humans, merchandise, and property, and dissipates after about an hour.
DensityUSA

Retail, retail-theft, retail-crime, Anti-theft, smash-and-grab, Robbery, burglary

Walmart reduces hours at 5 Atlanta stores after announcing a police workspace in separate area store

Mon, 09/18/2023 - 11:57

A Walmart employee in the beauty, makeup aisle — Walmart did not clarify whether retail crime or shoplifting incidents were a primary factor in the decision to shorten hours at five stores in Atlanta.
Eduardo Munoz Alvarez / AP

Retail, walmart, Atlanta, Closing, retail-crime, retail-theft

Lowe's CEO says the 'greatest deterrent' for retail theft is hiring and training workers

Fri, 09/15/2023 - 05:00

Lowe's employee — Earlier this year, Ellison said Lowe's spending on employee compensation had increased by $3 billion since 2018, and would grow by another $1 billion over the next three years.
Jay LaPrete/AP Images

Retail, lowe-s, retail-crime, Shoplifting, retail-theft, Shrink

The main reasons retailers are posting weaker profits this year have nothing to do with theft

Wed, 09/13/2023 - 11:58

A man walks past shelves of items locked behind a case in a grocery store. — The National Retail Federation estimates shrink topped $94 billion in 2021, which would put this year's figure well north of $100 billion if the rate remains the same or increases.
Jahi Chikwendiu/The Washington Post via Getty Images

Retail, retail-theft, Shrink, retail-crime, lowe-s, Target, dicks

Dick's Sporting Goods plunges 25% after it says retail-theft crime wave lowered profits

Tue, 08/22/2023 - 17:48

dicks sporting goods curbside — Gus Promollo delivers an order into a customer's trunk at Dick's Sporting Goods in Paramus, N.J., Monday, May 18, 2020.
Seth Wenig/AP

Markets, mi-exclusive, dicks-sporting-goods, stock-market, Earnings, Mover, Retail

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