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
Walmart CEO Says ORC Could Lead to Store Closures
Walmart CEO Doug McMillon appeared on CNBC’s Squawk Box on Tuesday, saying rising retail theft could drive companies like Walmart to close stores or raise prices, adding that retail theft is higher than it’s ever been.
Fraudsters Siphon $360M from Retailers Using Fake Shoppers
Online fraudsters posing as consumers likely siphoned off more than $360 million from the marketing budgets of online businesses by generating fake clicks during Black Friday, while 20 percent of visits to retail sites on Cyber Monday were bots posing as shoppers.
Retail Crime Threatens to Steal Holiday Spirit
For many retailers, the holiday spirit is once again being soured by an uptick in organized retail crime. While shops across the country are bulking up security measures in anticipation of increased activity, it’s already a longstanding issue for many merchants.
ORC Ring Busted by LAPD
The Los Angeles Police Department busted an organized crime ring that robbed retail stores as recently as last Thursday and Friday. The police arrested 18 suspects in connection with robberies valued around $23,000.
Chaos and Panic Erupt after Fight Leads to Shooting at Walmart
Police say one person was shot after a fight broke out outside of a Cobb County, Georgia Walmart Wednesday afternoon. Police evacuated the store and determined there was not an active shooter.
10 Charged after $9K in Merch Recovered in Shoplifting Ring Bust
Ten people have been charged in a shoplifting ring bust in Myrtle Beach, South Carolina. The multiple-day operation was designed to identify shoplifters in retail establishments by working with loss prevention professionals, and recovered more than $9,000 in stolen merchandise.