More than 348,000 shoplifters and dishonest employees were apprehended in 2019 by 21 large retailers who recovered more than $136 million, says the 32nd Annual Retail Theft Survey by Jack L. Hayes International.
The National Retail Federation welcomed a nearly $500 billion package set for a vote in the Senate that would increase funding for loans to small businesses and provide other economic aid during the coronavirus pandemic.
Wayfair Inc. named Jim Miller Chief Technology Officer, making permanent a role he has held on an interim basis since August 2019. As CTO, Miller will continue to provide strategic direction and leadership for the rapid scaling of Wayfair’s best-in-class tech operations.
The Kroger Co. and the United Food and Commercial Workers International Union (UFCW) are calling on federal and state government to take swift action to designate associates at grocery stores as “extended first responders” or “emergency personnel.”
In retail, brick-and-mortar stores experience loss or shrink due to shoplifting, fraud, employee theft and human error. To mitigate against this, many have dedicated loss prevention (LP) personnel who use a variety of tools, including in-store video surveillance systems and point of sale (POS) systems, to deter and investigate theft. But, despite the continued best efforts of LP teams, shrink is on the rise.
The National Association of Cannabis Businesses (NACB) announced the appointment of Mark Gorman as its new Executive Vice President and Chief Operating Officer.
U.S. Senator Bill Cassidy, M.D. (R-LA) introduced legislation to fight the online sale of stolen, counterfeit and dangerous consumer products by requiring extensive transparency of large-volume third-party sellers in online retail marketplaces.
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