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
Four suspects of organized retail thefts at a Nordstrom in Bellevue, Washington, made their first court appearances on Wednesday. The suspects, who range in age from 19 to 27, were arrested in December after an extensive investigation by police.
Customer Shot and Killed During Texas Convenience Store Robbery
An armed robbery at a Fredericksburg, Texas convenience store turned deadly late Tuesday night. Police say an innocent bystander was killed by a robber wearing a skull mask, who then stole money from the cash drawers and fled on foot.
Tampa Bay Area Retail Theft Ring Busted
The Hillsborough County Sheriff Office’s Organized Retail Theft Working Group has busted a retail theft scheme across the Tampa Bay area and beyond. The two suspects are responsible for six thefts at Target and Home Depot stores across the county.
New Law Targeting Retail Theft Goes into Effect in Pennsylvania
A new law targeting retail theft is now being enforced in Pennsylvania. The legislation establishes a Deputy Attorney General within the Attorney General’s Office whose job is to oversee a team of five prosecutors throughout Pennsylvania.
Ex-Home Depot CEO Says More Retail Stores Will Lock Up Items in 2024
Heading into the new year, former Home Depot and Chrysler CEO Bob Nardelli warned big box retail chains and small businesses are likely to see more items stolen off shelves in 2024, and as a result, continue locking products up.
$743 Billion in Merchandise Returned in 2023
Retailers have been focused on efforts to mitigate returns, as total returns for the industry amounted to $743 billion in merchandise in 2023, according to a report released by the National Retail Federation and Appriss Retail.