ICYMI: LP Industry News of the Week Jan. 24 – 30

LPM news in review

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

INFORM Act Included in America COMPETES Act
The INFORM Consumers Act is now included in the America Creating Opportunities for Manufacturing, Pre-eminence in Technology, and Economic Strength Act of 2022 (America COMPETES Act), which was introduced in the US House this week.

Wisconsin State Approves Tougher Penalties for Coordinated Shoplifting
The Wisconsin state assembly approved a Republican-authored bill that creates tougher penalties for coordinated shoplifting. Under the bill, the severity of penalties for committing thefts as a group will be determined by the total value of the stolen items.

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Black Corrections Officer Mistaken for Shoplifter Sues Walmart
A black corrections officer is alleging that he was racially profiled in a Georgia Walmart after he was handcuffed and wrongfully accused of shoplifting. The employees believed him to be a serial shoplifter, even after he showed two forms of ID.

Proposed Washington State Bill Aims to Combat Retail Theft
Amendments to the definition of theft could help deter high-value retail crimes if the state legislature passes House Bill 1656, which was proposed in the Washington State House Public Safety Committee on Friday.

NYPD Reports Highest Shoplifting Levels in 30 Years
There’s been a spike in shoplifting in New York City, and the NYPD says it hasn’t seen levels like this since 1995. From Jan. 1 through Sept. 12, 2021, there were more than 26,000 complaints for shoplifting compared to the same period in 2020, which saw over 20,000.

Knightscope Announces Closing of Public Offering
Knightscope announced that it raised $22,366,190 through the sale of 2,236,619 shares of its Class A Common Stock priced at $10 per share. Knightscope expects the stock to begin trading on the Nasdaq under the ticker symbol “KSCP” on January 27, 2022.

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