The Biggest News in Loss Prevention: May 8 – 14

LPM news in review

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

Scarcity Is Making Americans Gloomy about the Economy
Jobs are plentiful and unemployment is back at pre-pandemic lows, yet Americans’ sentiment about the economy is in the dumps. The obvious answer is inflation, but there’s a deeper force at work making everyone so upset: scarcity.

ORC Suspect Arrested after $700K in Stolen Goods Found
A large stash of stolen merchandise valued at more than $700,000 was found inside a Pittsburgh home and at a storage facility, leading to a suspected member of an organized retail theft ring being arrested.

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Nike Accuses StockX of Selling Counterfeit Shoes
Nike is accusing StockX of selling lookalike versions of its shoes and wants a federal judge to force the online marketplace to remove the alleged knockoffs from its website. Nike is already in the middle of another legal battle with StockX for trademark infringement.

Shoplifters Start Fire at Fort Lauderdale Target
Shoplifters set fire to clothes inside of a Fort Lauderdale Target in an attempt to distract store employees while they began stealing. The store had to be evacuated, and multiple people fled the store with items.

Teens Take Up More Jobs and Pay in a Tight Labor Market
Teens are now working in greater numbers than they have since before the 2008-09 financial crisis, when summer and part-time jobs were a more common rite of passage into adulthood.

Woman Kills Infant in Crash While Fleeing with Stolen Baby Items
A woman accused of killing a man and a five-week-old baby in a car crash has been arrested in Louisiana. The fatal crash happened after the woman and her husband were suspected of stealing baby items from a Walmart.