marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
retail crime
11/03/2023
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By Laura Harris
CVS pharmacies in Washington, D.C. display framed photographs of products and keep real ones in locked cages to combat rampant shoplifting
Two CVS pharmacies in Washington, DC, have been forced to create unconventional solutions to combat rampant shoplifting. CVS Pharmacy at the H Street Northeast location is now using framed photographs of toilet papers and kitchen towels to stand in place of the real products. Customers must also press a button to request that staff retrieve the items from […]
10/05/2023
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By Laura Harris
HORRIFIC: Homeless serial shoplifter with a violent record sets California store clerk on fire
A surveillance camera at Appian Food and Liquor store in El Sobrante has captured a homeless serial shoplifter setting a store clerk’s hair on fire, leaving him with severe burns. The victim, identified as Suraj, has been confined at Saint Francis Memorial Hospital in San Francisco since the attack. Suraj is seen in the video struggling with the assailant, […]
10/03/2023
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By Richard Brown
Target partners with Homeland Security in bid to curb surge in retail theft
Amid the closure of several of its stores, Target has announced its partnership with the U.S. Department of Homeland Security to address the surge in theft. The retail giant has also committed to making substantial investments in cyber defense as it grapples with escalating criminal activity. In a statement issued to its customers, the popular […]
07/06/2023
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By Arsenio Toledo
Target to spend $5 billion on its stores to prevent them from shutting down
Big box retailer Target is spending $5 billion on its stores nationwide as part of a wider strategy to keep them profitable and prevent them from shutting down. The investment is a response to new and old issues faced by the company as well as other big box retailers, including the rise in online shopping, […]
06/08/2023
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By Laura Harris
HANDS OFF: Walgreens unveils new anti-theft kiosk at redesigned Chicago store to combat organized retail crime
Walgreens has unveiled new anti-theft measures at its redesigned store in Chicago as a solution to rising retail crime, but customers are complaining of being unable to shop for themselves. Company executives made significant changes to their stores to prevent thefts which have been on the rise in retail outlets, with big box stores like […]
04/26/2023
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By Ramon Tomey
San Fran Target store locks products behind glass security cabinets
A Target store in San Francisco has taken to locking products behind security glass amid rising retail theft in the City by the Bay. According to the Daily Mail, a video posted April 20 on TikTok showed the big-box retailer’s new security measure. “This is what my Target in [San Francisco] looks like now,” read […]
03/15/2023
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By Oliver Young
Retail analyst: Theft is growing at a faster rate than sales
Shoplifters are having a field day these days as in-store shopping returns to normal. This is causing what is known as shrinkage in accounting. It happens when a store has fewer items in stock than in its recorded book inventory. Factors contributing to shrinkage include employee theft, shoplifting, administrative errors, vendor fraud, product damage and more. […]
02/17/2023
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By Roy Green
Inflation, economic downturn force Walmart to close under-performing stores
Even Walmart feels the pinch of inflation and economic downturn, with the big-box retailer announcing the closure of five under-performing stores in five states. A spokesperson for the retail giant told KRQE 13 that a Walmart in southeast Albuquerque, New Mexico will be closed on March 10 for failing to meet financial projections. Local reports […]
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