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 Drove $400M in Profit Loss at Target This Year
Target stores are getting looted, and it’s taking a huge bite out of profits. The retailer told reporters that inventory shrinkage has reduced its gross profit margin by $400 million so far in 2022 compared to 2021.
California Prepares for Increased Retail Crime During Holiday Season
The California Highway Patrol is preparing for any possible organized retail theft as the 2022 holiday shopping season begins. The agency’s ORC Task Force will be increasing presence at shopping centers throughout the state.
Toronto Police Arrest Duo Who Robbed Retail Store with Axe
Toronto police have arrested the second suspect in connection with an armed retail robbery involving an axe. One of the suspects swung the axe and struck a victim who tried to stop them from leaving the store with stolen goods.
LA Clothing Stores Feel a Crime Pinch
After expected low numbers during the first year of the pandemic, Los Angeles clothing stores experienced approximately 50-75 monthly crimes from April 2021-February 2022. In March, the number spiked to 102 crimes—just the start of a meteoric rise.
Beauty Supply Store Owner Killed During Robbery
Fulton County, Georgia police are investigating the shooting death of a beauty supply store owner who was beloved by the community. They were shot multiple times in what appeared to be a robbery.
Teen Charged after Stealing 28 Weapons from Gun Store
A 15-year-old boy was arrested and charged after a group of four suspects rammed a stolen vehicle into a suburban gun range to gain entry, and then proceeded to steal nearly 30 firearms from the business.