We know that your week can get busy, and the time you have to catch up on the news from around the retail loss prevention industry is often stolen away by other things. That’s why the LPM team sifts through headlines from all over the country to bring only the most relevant LP news to you here, in our special weekly news round-up—the perfect bookend to a productive week.
Here’s What You May Have Missed
Walgreens Executives Say Shrink is 50% Higher than in 2020
Walgreens Boots Alliance CFO James Kehoe said that the retailer is absorbing a 52 percent increase in shrink compared to 2020. The company saw strong sales growth drive an increase in gross profit, but gross margin declined slightly.
For Retail Workers, Omicron Disruptions Aren’t Just About Health
Long checkout lines, closed fitting rooms, empty shelves, shortened store hours, and the dread of contracting COVID-19—a weary retail force is experiencing the fallout from the latest wave of the pandemic, with a rapidly spreading variant cutting into staffing.
Illinois Top House Democrat Vows to Pass Anti-crime Package
Illinois House Speaker Emanuel “Chris” Welch predicted the passage of an anti-crime package aimed at confronting alarming rises in carjackings and organized retail thefts, though the details of the package are unknown.
Home Depot Combats ORC with Security Investments
Home Depot has ramped up its security investments over the past several months as retailers across the United States have been targeted by a surge in organized crime, said the company’s vice president of asset protection, Scott Glenn.
Scottish Retail Crime Law Encourages Workers to Report 300 Cases of Abuse
The Protection Against Workers Act makes it a specific offense to assault, threaten, or abuse a retail worker as they’re going about their job. And if the worker is carrying out mandatory duties such as age verification, there are tougher penalties.