The Biggest News in Loss Prevention: July 29 – August 4

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

ORC Rises While Nevada Bill Awaits Action
As thieves become more aggressive and organized retail crime left Nevada with $85 million in lost tax revenue in 2020, recent legislation awaiting action seeks to deter these thefts.

Deputy Constable Shoots at Shoplifters, Holds Man at Gunpoint
An off-duty deputy constable opened fire on a group of juveniles stealing alcohol at a grocery store. He also held a bystander, who had no involvement in the alleged theft, at gunpoint during the incident.

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Recent String of Retail Thefts Across Southern California Prompts Concern
Shocking video showing a group of men stealing from a Gucci store in Century City has sparked serious concern among business owners, shoppers, and law enforcement. On the same day in Irvine, surveillance cameras caught three suspects rush into a jewelry store.

Customs Agents in Louisville Seize 130 Designer Watches
Customs officers in Kentucky seized nine shipments of counterfeit watches that would command a street value of $4.24 million if genuine. The nine shipments originating from Hong Kong contained 130 counterfeit watches.

Woman Charged in Sleight of Hand Retail Scheme
A 23-year-old woman is in custody for her alleged role in what prosecutors call a sleight of hand quick change scheme targeting retailers across the entire country. They believe she is a part of a Romanian organized crime group.

How Locking Up Products Affects Paying Customers
Running errands isn’t as easy as it used to be. Businesses have been reducing operating hours, locking items up, and threatening to shutter stores completely. The reason for many of these shifts? A spike in theft.

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