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
HB 549, a bill targeting retail theft, passed its committee assignment in Florida on Wednesday. Among other things, the bill makes it a felony for porch pirates to steal delivery packages valued at over $40 from private properties.
Retailers Battle an Onslaught of Fraudulent Returns
Some companies processing returned televisions for retailers have gotten a surprise when opening the boxes—packaging filled with bricks rather than newly purchased TVs. This is just one tactic that’s part of what logistics experts say is a growing problem.
Why Retail’s $100B Shrink Crisis May Not Be All About Shoplifting
Amidst the increase in viral content and media reports spotlighting theft, it is essential to acknowledge that shrink is a multifaceted challenge that extends beyond customer theft. Shrink encapsulates all forms of loss throughout the entire supply chain.
California Governor Newsom Urges Legislation to Expand Property Crime Penalties
On Tuesday, California Governor Gavin Newsom’s office put out a press release calling for legislation expanding criminal penalties, bolstering police and prosecutor tools to combat theft, and taking down professional criminals who profit from theft.
Man Charged with Arson After Starting Fire in Kroger
A man has been arrested and charged with arson after fire crews were called out to a fire in an aisle at a Kroger in downtown Cincinnati. Officials said the fire was intentionally set by a 43-year-old man.
$300K of Stolen High-End Goods Recovered by LAPD ORC Task Force
A massive haul of stolen high-end merchandise and a large cache of cash were recovered Tuesday by the Los Angeles Police Department’s Organized Retail Crime Task Force. During a search of the property they found more than $23,000 in cash, one firearm, and hundreds of pieces of high-end merchandise.