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
California’s scaled-up efforts to combat retail crime are paying off, with law enforcement upping its recovery of stolen goods by a whopping 525 percent over the past five months alone.
Authorities Seize $1B in Counterfeit Goods—Largest Bust in US History
Federal authorities announced that recent raids on storage facilities in New York City uncovered a substantial amount of counterfeit handbags, shoes, and other luxury merchandise, potentially valued at over $1 billion if authentic.
Alabama Law Enforcement Cracking Down on Shoplifting
A bill signed in September is cracking down on organized retail theft where shoplifters that now steal in groups of two or more can face harsher penalties.
Nike, Converse Sue 52 ‘Counterfeiting Networks’
The businesses named in the lawsuit collectively operate 98 websites and 267 social media handles, and allegedly sell “thousands” of fakes.
Police Crackdown After $100K Worth of Goods Stolen from Local Shopping Center
Over 50% of small business owners reported an increase in shoplifting over recent years, according to the U.S. Chamber of Commerce, and local police departments have had enough.
LI Couple Arrested for Possessing Over $1M in Counterfeit High-End Merchandise
A Long Island couple was arrested for possessing more than $1,000,000 in counterfeit high-end accessories, Suffolk County District Attorney Raymond Tierney announced Wednesday.