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
Flash Mobs Hit More Retail Stores in California
Video surveillance and reports released by police displayed the ease and speed of flash mob thefts at retail stores in Riverside and Arcadia, California, the latest crimes in a spate that has truck businesses throughout the region over the last few weeks.
NRF CEO Discusses Rise in ORC on CNBC’s Squawk Box
Matt Shay, National Retail Federation president and CEO, joined CNBC’s Squawk Box to discuss the state of the consumer, the problem with shrinkage and theft, the impact on retailers’ bottom lines, and more.
25 Suspects Nabbed in Portland Retail Theft Crackdown
Police in Portland, Oregon arrested over two dozen people as part of a sting operation targeting retail thieves. The 25 suspects amassed 16 felony charges, with an additional 15 misdemeanor warrants serviced.
Dollar Tree Stock Falls Over Concerns about Retail Theft and Spending
Dollar Tree’s falling stock is highlighting pressure on profits from inventory loss and consumers turning to lower-priced products. The discount retailer reported second-quarter earnings of 91 cents a share on revenue of $7.32 billion for the second quarter.
Tony Sheppard Tells Newsweek How ORC Became a Billion-Dollar Industry
ThinkLP Senior Director of Loss Prevention and LPM Vendor Advisory Board Member Tony Sheppard was featured in a Newsweek story on Sunday about how organized crime became a billion-dollar industry.
Foot Locker Shares Drop 33% Partly Due to Shrink
Shares of Foot Locker dropped nearly 33 percent on Wednesday after the shoe retailer reported another decline in quarterly sales that it partly blamed on “consumer softness” and an increase in shrink.