The Biggest News in Loss Prevention: February 24 – March 1

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

Senate Bill 1450 has passed through the Oklahoma Senate Appropriations Committee and stands to “crackdown on retail crime and criminal syndicates in Oklahoma.” The legislation allows the Attorney General’s Office to hire more agents to investigate ORC, and increases penalties for criminals.

New Bill Aims to Help Cover Security Measures for Small NYC Businesses
Bronx Councilmember Oswald Feliz introduced a bill Wednesday aimed at helping store owners cover security costs from thieves. The Small Business Protection Act is aimed at improving safety measures for mom-and-pop shops by making sure they can afford security cameras, alarms, and plexiglass at their registers.

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Authorities Crackdown on Retail Theft Ring Targeting Home Depot and Target
Authorities in Northeast Florida and Georgia are ramping up efforts to dismantle a sophisticated retail theft ring that has been systematically targeting Home Depot and Target stores. This operation, uncovered in 2022 through intercepted jail phone calls, has led to the arrest of several individuals, with the investigation still ongoing.

Legislation Aimed at Addressing Retail Theft and Fentanyl Crisis Introduced in California
In an effort to address the fentanyl crisis and retail and community-based crime impacting communities throughout California, a bipartisan coalition of Senate members have announced a comprehensive legislative package of 14 bills targeting the retail theft and fentanyl crisis.

The Fraudulent and Counterfeit Goods Industry Is Exploding
As online shopping ramps up, so does access to fake luxury goods and fraudulent products. In some cases, those products can be so dangerous to consumers, they can turn deadly. Social media has made finding high quality counterfeits even easier.

Shoplifting Rings Are Costing Hawaii Merchants Millions
Hawaii is one of the worst states in the country when it comes to organized retail thefts, according to a report from Forbes Advisor. The state is ranked fifth out of all states on the value of stolen items per resident, at $288.

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