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ICYMI: LP Industry News of the Week Nov. 22 – 28

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

Biden Promises Retailers are Ready for Holiday Shopping
President Joe Biden said on Tuesday that the economy is ready for the holiday rush, and that Americans should rest easy about being able to get food and gifts for their families. Black Friday will be a major test for Biden’s economy and its recovery from the pandemic.

Best Buy CEO Says Jump in Theft Is Traumatizing Staff
Best Buy CEO Corie Barry said that theft is a growing problem at the company’s stores, and is traumatizing store associates. The company is now implementing a number of tactics to minimize theft and protect staff and customers.

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Investigators Looking to Social Media to Solve ORC
Mayors in California are investigating the possibility that thieves used social media to facilitate two quick-hitting thefts, including one last Saturday night in which about 80 people were reported to have stolen from a Nordstrom.

Why Cities are Facing a Spree of Smash-and-grab Crimes
A wave of smash-and-grab crimes is plaguing upscale stores in major US cities, with mobs of thieves making off with expensive goods in brazen nighttime raids. This story by CNN takes a closer look at why there are so many recent incidents.

Cargo Theft More Likely Over Holiday Weekend
CargoNet analyzed theft records from the previous five Thanksgiving holidays, and found that there is an enhanced risk of cargo theft around holiday periods, as thieves see extended closures of businesses as an opportunity to steal freight without detection.

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