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ICYMI: LP Industry News of the Week Jan. 3 – 9

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

California Bill Could Reverse Proposition 47
A new bill proposed by California State Assemblymember Rudy Salas hopes to crack down on retail thieves by dropping the minimum value of stolen merchandise before the crime is considered a felony from $950 to $400.

What the Rise in Shoplifting Means to Wall Street
Wall Street is desperately trying to figure out where consumer demand is going. Alongside sentiment and sales, there’s another indicator worth watching, according to Andrea Felsted: shoplifting.

- Digital Partner -

Omicron Variant Could Fuel Inflation as Americans Keep Shopping
The spread of the omicron variant is likely to fuel more inflation as Americans keep shopping instead of dining out and traveling, according to the National Retail Federation’s Chief Economist Jack Kleinhenz.

Florida Attorney General Announces Efforts to Target ORC
Florida Attorney General Ashley Moody has announced legislative efforts targeting organized retail theft crime rings. This comes after she launched the Florida Organized Retail Crime Exchange (FORCE) task force in November.

Walmart Asks Court to Throw Out $2.1M Verdict in Shoplifting Case
Attorneys for Walmart have asked a Mobile, Alabama County Circuit Court judge to overturn the jury verdict in a case brought by a woman who claimed she was falsely arrested for shoplifting in 2016.

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