Retail News

Retail Theft Is a 'Financial Tragedy' for Businesses; 3 Arrested for $100K Retail Theft Across Bay Area; Credit Card Competition Act Causing Confliction; and more LP news you missed this week.

Target announced that it is closing nine stores across four states, effective Oct. 21. The company said it cannot continue operating these stores because theft and ORC are threatening the safety of its employees and guests.

In this article, see who the six honorees the NRF Foundation announced for The List of People Shaping Retail’s Future 2024 are!

Shrink accounted for $112.1 billion in losses according to the 2023 National Retail Security Survey released today by NRF.

The Organized Retail Crime Association of Oregon is hosting Virtual OSINT 101 training this Thursday September 28, at 2 p.m. PT.

Total Halloween spending is expected to reach a record $12.2 billion, exceeding last year’s record of $10.6 billion, according to the NRF.

Read more here about the Credit Card Competition Act, and how it can effect both merchants and credit card companies for good and bad.

$218K of Stolen Retail Merch Found in Backyard of LA Home | 1 Shoplifter Dead, Another Injured After Incident at O'Reilly's Auto Parts | Seattle Smoke Shop Damaged in 7th Smash-and-Grab Burglary

Illinois has become the first state to abolish cash bail as the Pre-Trial Fairness Act, part of the SAFE-T Act, went into effect September 18. This comes after extensive delays and legal challenges, as many are worried this will put more criminals back on the streets.

Retail sales rose in August as school shopping began, even as inflation continued and interest rates remained high, the NRF said.