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 week of civil unrest, sparked by the tragic murder of three children, has led to riots in major cities and town across the UK and hundreds of arrests with dozens of people being charged.
California Democrats Push Retail Theft Bill to Counter Prop. 47 Reform
California Democratic leaders’ public safety ballot measure flamed out when Gov. Gavin Newsom shockingly withdrew the proposal at the last minute. Now, legislators are pushing ahead with a retail theft bill package in their continued opposition of Prop. 36, which would roll back parts of 2014’s Prop. 47.
Burglars Tunnel Through Walls of Multiple Stores to Take $1.5M in Jewelry Near Chicago
In what appeared to be a calculated crime, burglars cut through the walls of multiple stores overnight to get into Marquise Jewelry in Schaumburg and steal merchandise worth $1.5 million.
Why Wardrobing Retail Fraud Soars in the Summer
A particular type of retail fraud soars during the summer season. “Wardrobing,” in which a shopper buys an expensive item, wears it with the tags on, and then returns the product for a refund, picks up as shoppers bolster their closets for summer vacations.
The Search for Olympic Merch Where Fake Fashion Is Big Business
Fake fashion is big business, even more so in a country that considers itself a fashion capital. Counterfeit branded clothing alone is estimated to cost companies in France 1.8 billion euros annually. Last year, customs seized 20.5 million counterfeit products, and they’re ramping up their efforts while hosting the Olympics.
Saks Makes Unprecedented Change to Prevent In-Store Crime
Saks has decided to pivot its in-store shopping experience to appointment only, meaning any customers looking to peruse its luxury shelves will have to make an appointment ahead of time to gain access, as a result of rising retail crime.