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
New Study Shows Shoplifting Is Up 93% Since Before the COVID-19 Pandemic
Retailers reported a 93 percent increase in the average number of shoplifting incidents per year in 2023 versus 2019 and a 90 percent increase in dollars lost due to shoplifting over the same time period, according to a new study released by the NRF.
Macy’s Probe Found Employee Acted Alone in $151M Accounting Scandal
Macy’s has completed its investigation into accounting problems and found that a single employee’s mistake—and subsequent coverup—created $151 million in false bookkeeping entries, according to a person briefed on the probe.
Spokane City Council Approves $90K Grant to Combat ORC
According to the City Council agenda, the funds will go to the Spokane Police Department to coordinate responses and patrols when retail crime happens in the city.
Business Owner Killed While Trying to Stop Shoplifters Weeks Before Christmas
A woman in Florida was killed trying to stop shoplifters at a beauty supply store she owned, police say.
Target’s Sales Fell for the First Time in 7 Years—Store Theft Is a Concern
Target said its sales last year fell for the first time since 2016. Now it’s predicting a sluggish 2024 as shoppers are weighed down by higher prices.
28 Arrested During Retail Theft Bust in San Bernardino County
San Bernardino County’s latest retail theft bust resulted in 28 arrests over a one-week period.