Toothpaste, chocolate, deodorant under lock & key: US retailers voice alarm at rising theft, 'flash rob' attacks - Times of India

Retailers in the US, including Walmart, Target, and CVS, are experiencing an increase in theft and organized shoplifting, leading to heightened security measures such as locked shelves, padlocked refrigerators, and scattered call buttons, in an effort to combat the rising issue that is impacting their earnings.

timesofindia.com

Relevant topic timeline:

8/22/2023

Retail's true crime story: Top execs say rise in theft is cutting into earnings (NYSE:M)

Several major retailers, including Dick's Sporting Goods, Lowe's, Target, and Macy's, have cited an increase in theft as a factor in their reduced earnings and are taking steps to address the problem.

8/24/2023

Dollar Tree says theft is such a problem it will start locking up items or stop selling them altogether

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Retailers are raising the alarm about theft. For this department-store chain, it’s been ‘within our plans.’

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8/25/2023

Nordstrom reports 'historical highs' for theft-incurred losses

Thieves ransacked a Nordstrom store in Los Angeles, stealing nearly $100,000 worth of handbags and clothes, prompting the CEO to address the issue of retail theft and the need for better solutions.

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How 'shrink' became the biggest story in retail

Retail theft, known as "shrink," is becoming a growing problem for retailers, leading to concerns over profits and prompting companies to take preventative measures, such as installing locked cases and removing certain items from stores.

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No more Colgate, Tide or Advil: Giant Food will stop stocking national brands at Southeast DC store - WTOP News

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9/8/2023

Atlanta Walmart Adds Police Substation to Combat Rampant Theft Causing Store Closures Nationwide

An Atlanta Walmart will combat retail theft by adding an on-site police substation or mini precinct, following a year-long closure due to arson incidents and in response to the loss of billions of dollars to theft and shoplifting. The mini precincts will serve as a deterrent and provide workspace for officers while addressing the community's desire for increased police presence.

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UPS Rolls Out AI Tool to Combat Growing Porch Piracy Epidemic

Package theft, or "porch piracy," is a significant and rising crime, with approximately 260 million delivered packages stolen in 2022, prompting logistics companies like UPS, DHL, and Amazon to implement various technologies and programs to prevent theft, including AI-powered approaches, signature requirements, and delivery customization options.

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Posted 9/3/2023, 3:25:00 AM

Toothpaste, chocolate, deodorant under lock & key: US retailers voice alarm at rising theft, 'flash rob' attacks - Times of India

timesofindia.com

Relevant topic timeline:

8/22/2023

Retail's true crime story: Top execs say rise in theft is cutting into earnings (NYSE:M)

8/24/2023

Dollar Tree says theft is such a problem it will start locking up items or stop selling them altogether

The rise in retail theft nationwide is being blamed for Dollar Tree's decline in gross profit margin, prompting the company to take defensive measures to prevent further losses.

8/24/2023

Retailers are raising the alarm about theft. For this department-store chain, it’s been ‘within our plans.’

8/25/2023

Nordstrom reports 'historical highs' for theft-incurred losses

Thieves ransacked a Nordstrom store in Los Angeles, stealing nearly $100,000 worth of handbags and clothes, prompting the CEO to address the issue of retail theft and the need for better solutions.

8/26/2023

How 'shrink' became the biggest story in retail

9/3/2023

No more Colgate, Tide or Advil: Giant Food will stop stocking national brands at Southeast DC store - WTOP News

Giant grocery store in Southeast D.C. is removing national brands from its shelves due to rampant theft in the area, forcing customers to rely on store brand products.

9/8/2023

Atlanta Walmart Adds Police Substation to Combat Rampant Theft Causing Store Closures Nationwide

9/21/2023

UPS Rolls Out AI Tool to Combat Growing Porch Piracy Epidemic