You Searched For "organized retail theft" and got 20 results
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2 mins read
Lowe's to sell power tools that won't work if they're stolen, as retailers take increasingly desperate measures to prevent theft
Lowe's will use RFID and blockchain technology to stop theft and organized retail crime. It joins H…
Ben Tobin
2 mins read
More theft, burglaries and even murders are the unexpected side-effects of rising prices, this criminologist warns
Richard Rosenfeld from the University of Missouri–St Louis says soaring inflation will create…
Ryan Hogg
1 min read
Best Buy falls 17% as wave of organized retail theft hits the big box electronics chain, squeezing profit margins
"We are definitely seeing more and more organized retail crime and incidence of shrink in our locat…
Matthew Fox
2 mins read
$100,000 of goods were stolen from Home Depots across Florida in an organized self-checkout barcode-switching scheme, the state's attorney general says
Three people face charges over claims they switched barcodes on nearly 300 buckets of a roofing pro…
Grace Dean
2 mins read
20 shipping containers' worth of gold and television sets were stolen in the 'biggest heist' ever for a Mexico port
Horacio Duarte, the head of Mexico's customs service, told Associated Press the theft was the resul…
Grace Kay
2 mins read
20 shipping containers' worth of gold and television sets were stolen in the 'biggest heist' ever for a Mexico port
Horacio Duarte, the head of Mexico's customs service, told Associated Press the theft was the resul…
Grace Kay
2 mins read
Target said it's lost $400 million this year due to 'inventory shrink' and organized retail crime is mostly to blame
Retailers have begun sounding the alarm that theft is costing them millions every year, driven by t…
Avery Hartmans
2 mins read
Shoplifting and other inventory loss cost retailers $112 billion last year
External and internal theft accounted for roughly two-thirds of the losses, according to the Nation…
Dominick Reuter
3 mins read
How Tractor Supply managed to shrink theft rates when they're surging almost everywhere else
Tractor Supply CEO Hal Lawton told Insider four key aspects of his business that allow it to avoid …
Dominick Reuter
2 mins read
Nike is battling theft in stores, warehouses, and even trains
In recent months, Nike's dealt with organized theft in stores, warehouses, and rail yards. In Portl…
Matthew Kish
1 min read
Target CEO says thefts 'involving violence or threats of violence' have more than doubled this year so far
Target previously said inventory shrink, a measure that includes retail theft, could reach $1.2 bil…
Dominick Reuter
2 mins read
Target to close 9 stores across 4 states, citing retail crime. See the full list.
Target will close stores in New York, Seattle, Portland, and the Bay Area, effective October 21, du…
Dominick Reuter
1 min read
Coordinated smash-and-grab robberies are 'traumatic experiences' for Best Buy workers, and could worsen the company's labor challenges
Armed and coordinated burglaries are on the rise at Best Buy stores and that has workers concerned …
Dominick Reuter
2 mins read
Walgreens cited shoplifting as rationale for closing 5 stores in San Francisco, but local officials, data, and experts cast doubt on that explanation
Police data obtained by the San Francisco Chronicle found the closing stores had on average less th…
Morgan Keith
1 min read
Target will shut its San Francisco stores at 6 p.m. to curb an 'alarming rise' in shoplifting
Target stores in the city will close at 6 p.m. "We've been experiencing a significant and alarming …
Mary Hanbury
2 mins read
Walgreens executives say the drugstore chain is losing about 50% more money due to loss and theft than it did prior to 2020
"This is not petty theft," CFO James Kehoe said on an investor call. "These are gangs that actually…
Allana Akhtar
6 mins read
Shoplifting syndicates are costing retailers billions every year. Industry insiders are pointing to the ease of online reselling for helping crime rings thrive.
"They are stealing specific items that they know they can resell online," Jason Brewer, the spokesp…
Áine Cain
2 mins read
Walgreens has redesigned a Chicago store to put most of the products behind counters, and it could help cut down on theft
Customers at the renovated Walgreens store have to order non-essential items from a kiosk and then …
Grace Dean
2 mins read
Theft has become such a nightmare for Dollar Tree and Family Dollar stores that they're going to lock up some items and simply stop selling others
Theft is becoming a mounting problem at Dollar Tree and Family Dollar stores as retailers across th…
Grace Dean
2 mins read
Home Depot plans to foil shoplifters with power tools that won't work if they're stolen
"We certainly don't want to affect the 99.5% of our customers who are just there to pick up their h…