ICYMI: LP Industry News of the Week Nov. 15 – 21

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

A Look at the Business of Organized Retail Crime
LP Magazine Editorial Director Jac Brittain was interviewed for this feature looking at the business of organized retail crime in Houston, Texas, ranked No. 6 on the National Retail Federation’s list of cities with the most organized retail crime.

FMC Investigating Data Constraints in the Supply Chain
A new Federal Maritime Commission (FMC) effort will look to identify data constraints that might impede the flow of ocean cargo and add to the supply chain inefficiencies. The initiative will propose recommendations for common data standards.

Family Dollar Manager Abducted by Shoplifter
The manager of a Family Dollar store in Youngstown, Ohio was pulled into a van by a shoplifter after attempting to get the license plate of the vehicle. After being beaten by the men in the van, the manager was able to escape.

Survey Shows Retailers Are Too Confident in Security of Systems
According to a new study from the Cornell University Center for Hospitality Research and FreedomPay, almost all surveyed retail, restaurant, and hospitality executives are confident in the security of their systems. However, nearly a third have experienced a data breach.

Baby Formula Becomes Harder to Find Thanks to Retail Crime
Baby formula accounts for 13 percent of stolen items from stores. Now, with organized retail theft having increased by 60 percent from 2015, and a whole host of supply chain issues, the necessity is becoming increasingly difficult to keep on the shelves.

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