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Target is trying to thread the needle as it combats retail's long-running problem: store theft."I feel so much better today than I did a year ago," Target CEO Brian Cornell said in an interview ...
Retail theft has become a priority for California leaders in recent years. In September, Gov. Gavin Newsom sent $267 million to cities and counties to increase arrests and prosecutions of ...
"Shrink," or retail theft, is a billion-dollar problem for the retail industry. And unlike the popular culture image of a teen shoplifter looking for a rush, the real culprit is often organized ...
Service Merchandise also had other wholly owned subsidiaries featuring retail stores, such as Zim's Jewelers, HomeOwners Warehouse (later called Mr. HOW Warehouse), [5] The Lingerie Store and The Toy Store. The retailer also provided some of the prizes on Classic Concentration on NBC, and Shop 'til You Drop and Shopping Spree. [citation needed]
Costco has managed to keep a lid on the worsening nationwide theft issue. According to the CFO, shrinkage was between “0.1% and 0.2%,” during the most recent quarter.
Report shows theft is costing the retail industry $100 billion. 'This isn't a random shoplifter anymore': Home Depot CEO warns retail theft is a 'big problem' as the chain bolsters security, even ...
Research from the Loss Prevention Research Council found a 9% increase in the number of retail thefts from 2022 to 2023, across 29 cities studied. Deterring theft through high visibility means ...
Shoplifting (also known as shop theft, shop fraud, retail theft, or retail fraud) is the theft of goods from a retail establishment during business hours. The terms shoplifting and shoplifter are not usually defined in law, and generally fall under larceny .