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 Governor Gavin Newsom has signed landmark legislation to further crack down on property and retail crime in the state. The new laws provide tougher penalties for repeat offenders and additional tools for felony prosecutions.
Meijer Out $800K after ORC Scheme
Meijer is out more than $800,000 due to an organized retail crime scheme lasting several years in Michigan, according to court records. Nine individuals were named as being part of the criminal enterprise, and most have already been sentenced on a felony charge of conducting criminal enterprise.
Fired Walmart Employee Recovering after Being Stabbed by Alleged Shoplifter
A Colorado man says he was relieved of his job at Walmart after trying to apprehend an alleged shoplifting suspect. He attempted to pick up a woman’s purse containing the alleged stolen goods and was stabbed in the forearm by a male individual standing on the other side of the car.
Target May Have Solved Retail’s Biggest Problem: Theft
Target is hitting its goals on inventory shrink. On a call with reporters, its CFO and COO Michael Fiddelke told Yahoo Finance the company has hit a plateau when it comes to shrink, including retail theft.
Select Giant Stores Implementing New Policy on Unaccompanied Minors
A new policy is coming to select Giant Food locations stating that shoppers under the age of 18 may not enter without an adult after 6 p.m. in an effort to reduce retail theft. This comes months after some stores implemented a no bags or backpacks policy.
How J.C. Penney Is Using AI and Machine Learning in Its Supply Chain
As a retailer with a more than 120-year history, J.C. Penney has navigated plenty of shifts in the retail space. Today, the department store chain is focused on protecting its future since emerging from bankruptcy under new ownership in 2020.