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Search resuls for: "shoplifters"


15 mentions found


☆ A New York grocery store is using biometrics including eye scanners and voice prints to identify repeat shoplifters. Some shoppers say that's creepy — even if it deters theft.
  + stars: | 2023-03-17 | by ( Alex Bitter | ) www.businessinsider.com   time to read: +3 min
New York City grocer Fairway is collecting biometric data on its shoppers to catch shoplifters, the New York Post reported. Fairway is gathering facial recognition and other biometric information, such as voice recordings, on shoppers at one of its Manhattan locations, the New York Post reported on Thursday. Fairway told the Post that its system will only be accessed by "trained asset protection associates." Nearly one-third of the arrests made for shoplifting in New York City last year involved the same 327 people, the Post reported in January. But an investigation that year by the San Francisco Chronicle found that the affected stores reported fewer than two shoplifting incidents per month leading up to the closures.
☆ Texas and Portland, Oregon, politicians take to Twitter to argue over why Walmart is closing stores
  + stars: | 2023-03-08 | by ( Alex Bitter | ) www.businessinsider.com   time to read: +3 min
Walmart has said its closing stores this year for many reasons and hasn't called out retail crime. Mayor Ted Wheeler replied on Monday, referring to "dozens of Walmart stores that have closed in Texas in recent years." "The retail industry is changing and retail theft is a national issue," he added. They say that the problem isn't individual shoplifters but organized retail crime that involves multiple thieves taking large quantities of goods from stores. Walmart CEO Doug McMillon told CNBC in December that Walmart would close stores and raise prices unless theft at its stores slowed down.
☆ New York mayor says retailers must force shoppers to remove masks when entering stores to prevent crime. 'It's not about being fearful of a pandemic.'
  + stars: | 2023-03-07 | by ( Ben Tobin | ) www.businessinsider.com   time to read: +2 min
NYC Mayor Eric Adams said face masks obstruct stores from identifying potential shoplifters. "Do not allow people to enter the store without taking off their face masks," he told a local radio station. "Do not allow people to enter the store without taking off their face masks," Adams told a local radio station Monday. He added that once in the store, shoppers can feel free to wear face masks. Walmart President and CEO Doug McMillon said in December 2022 that stores would close and prices would rise if theft levels did not drop.
☆ Suspected thieves using a Tesla as a getaway vehicle were caught after they stopped to charge it 15 minutes away
  + stars: | 2023-03-07 | by ( Pete Syme | ) www.businessinsider.com   time to read: +2 min
Two people accused of stealing $8,000 of merchandise used a Tesla as their getaway vehicle. But they stopped to charge it 15 minutes down the road, where police located them. Gwinnett County Police told Insider that the suspects were arrested around 10 miles away while attempting to charge the car near the Gas South Arena venue on February 19. The suspects were found about 15 minutes away. In 2019, a woman in Arizona tried to steal a Model S but it ran out of charge as she drove away.
☆ Private equity is finally stepping up its tech game. Here's who is leading the charge.
  + stars: | 2023-02-24 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +5 min
What's the first thing that pops into your head when you hear the term "private equity?" PE firms do plenty of things quite well (and they are certainly compensated for their work), but their internal tech has never been a top priority. What I find most fascinating about the so-called "digitization" of PE isn't so much the actual tech but the culture. Click here to learn more about the 12 executives helping PE firms get up to speed on cutting-edge tech they can use to source and close deals. Silicon Valley Bank, which is the go-to bank for tech startups, is under pressure amid the market downturn, the Financial Times reported.
☆ A CVS in New York City is turning to specially trained dogs to combat rampant shoplifting
  + stars: | 2023-02-23 | by ( Danni Santana | ) www.businessinsider.com   time to read: +2 min
Retailers across the US are fighting an increase in store theft. In New York City, one non-profit retail trade group has started using dogs to combat the problem. The 34th Street Partnership launched the program in partnership with Stapleton Security Services this month at a local CVS. In an emailed comment to Insider, the 34th Street Partnership Ward said the firm has "initiated the canine patrol as a pilot project and will evaluate its efficacy as it continues. Nationwide, retail theft has become a $95 billion problem for the industry, according to the National Retail Federation's most recent Retail Security Survey.
☆ Nike is facing a wave of retail crime across the country
  + stars: | 2023-02-23 | by ( Matthew Kish | ) www.businessinsider.com   time to read: +3 min
In an email sent to Portland officials, the company said it's at a "critical juncture." On Tuesday, police in Napa arrested a man for attempting to steal from a local Nike store after police were made aware of a retail theft crew targeting Nike stores, according to local news reports. Nike has 344 US stores, including outlet and Converse stores, according to its last annual report. In a letter sent to Portland officials this month, Nike said the "safety of our employees and consumers is a responsibility Nike takes very seriously. Insider obtained Nike's letter to the city and the internal email among city officials through a public records request.
☆ Nike temporarily closed a celebrated Portland store because of ongoing theft
  + stars: | 2023-02-14 | by ( Matthew Kish | ) www.businessinsider.com   time to read: +5 min
The store has been a point of pride for Nike and the Northeast Portland community since it opened. The Portland Nike store closure comes as large retailers are warning about the proliferation of stolen goods on online marketplaces like Amazon, Craigslist, eBay and Facebook. In November, KGW, the Portland NBC affiliate, said the Nike store reported 437 shoplifting cases to police since 2019, second only to a Portland Target store, which had 650. Matthew Kish/InsiderThe now-closed Portland store has been a point of pride for Nike, its employees, and the Northeast Portland community since it opened in June 1984. While the Nike store is at least temporarily closed, it hasn't been abandoned.
☆ Shoplifters have set fire to two Walmarts and a Target in Atlanta to create diversions while they steal
  + stars: | 2023-01-25 | by ( Dominick Reuter | ) www.businessinsider.com   time to read: +2 min
Fires at two Walmarts in December and a Target on Monday are being investigated as arson. Officials tell local media the blazes appear to have been used as diversions for shoplifting. Officials in Atlanta confirmed to local media Tuesday that a fire at a Target on Monday was being investigated as arson, along with a pair of similar incidents at local Walmarts in December. The three blazes appear to have been set by shoplifters in order to distract attention from their heists, the Atlanta Fire Department said. Similar theft-related fires have broken out in cities and towns across the US, mostly at big-box stores including Walmart, Target, and Home Depot.
☆ Stores say shoplifting is a national crisis. The numbers don’t back it up
  + stars: | 2023-01-18 | by ( Nathaniel Meyersohn | ) edition.cnn.com   time to read: +7 min
Videos of brazen shoplifting incidents, like this one posted to social media in 2021, have turned retail theft into a national issue. The metric incorporates inventory losses caused by external theft, including organized retail crime, employee theft, human errors, vendor fraud, damaged or mismarked items and other losses. Whatever the numbers say, though, retailers maintain that organized retail crime has gotten worse. Organized retail crime typically refers to large-scale retail theft and fraud by groups of professional shoplifters who conspire to steal and resell stolen merchandise. The NRF estimates that organized retail crime costs companies an average of just 7 cents for every $100 in sales.
☆ Lowe's to sell power tools that won't work if they're stolen, as retailers take increasingly desperate measures to prevent theft
  + stars: | 2023-01-10 | by ( Ben Tobin | ) www.businessinsider.com   time to read: +3 min
Lowe's is combining RFID and blockchain technologies to ensure stolen products are rendered inoperable. In other words, if a power tool is stolen from Lowe's, it isn't going to work. Additionally, Project Unlock focuses on transparent purchase records. In 2021, Home Depot began selling power tools that won't work unless they're properly scanned and activated at the register via Bluetooth technology. Lowe's didn't immediately respond to Insider's inquiries about when it plans a full rollout of Project Unlock.
☆ Rep. Ted Lieu reflects on becoming the highest-ranking Asian American ever in House Democratic leadership
  + stars: | 2022-12-06 | by ( Kimmy Yam | Kimmy Yam Is A Reporter For Nbc Asian America. | ) www.nbcnews.com   time to read: +6 min
Rep. Ted Lieu, D-Calif., who recently became the first Asian American to be elected vice chair of the House Democratic Caucus, took a moment to reflect with NBC News on how he got there. “It’s actually more of a recognition by my colleagues of the growing importance of the Asian American Native Hawaiian and Pacific Islander communities,” he said. In two decades the Asian American electorate surged 139%, according to Pew Research. The congressman added that beyond Asian Americans, his win also showcases the power of a broad collective. “If you look at what the House Democratic Caucus did, it was, I feel, remarkable.
☆ U.S. retailers add cameras, steel cables to deter holiday crime
  + stars: | 2022-11-23 | by ( Siddharth Cavale Arriana Mclymore | Siddharth Cavale | Arriana Mclymore | ) www.reuters.com   time to read: +7 min
Others, like Target (TGT.N) and Barnes & Noble, sealed merchandise behind plexiglass or tethered it with steel cables to store shelves. One survey by the National Retail Federation (NRF) cited a 26.5% jump last year in "organized retail crime" carried out by groups of people. But it is unclear whether overall U.S. retail crime is on the rise, with little data available on the problem. Retailers rarely openly acknowledge the threat of theft or crime because they generally don't want to spook shoppers. "Along with other retailers, we've seen a significant increase in theft and organized retail crime across our business," Target CEO Brian Cornell told investors on a November 16 conference call.
☆ Elusive artist Banksy tells fans to shoplift from a Guess store after the label 'helped themselves to my artwork'
  + stars: | 2022-11-19 | by ( Stephanie Stacey | ) www.businessinsider.com   time to read: +2 min
Anonymous graffiti artist Banksy encouraged shoplifters to steal from a Guess store in London. Guess said its collection was produced legally in a partnership with licensing company Brandalised. Guess said the collection was created legally through a partnership with Brandalised, "an urban graffiti licensing company whose mission is to offer Banksy fans affordable graffiti collectibles." Shortly after Banksy's post, Guess closed the Regent Street store, and covered up the window display, BBC News reported. Guess, Brandalised and Banksy did not immediately respond to requests for comment from Insider.
☆ Banksy says fashion retailer Guess 'helped themselves' to his work
  + stars: | 2022-11-18 | by ( ) www.reuters.com   time to read: +1 min
[1/4] Employees remove lettering from a window display inside a Guess store which included the artwork "Flower Thrower" by street artist Banksy, on Regent Street in London, Britain, November 18, 2022. REUTERS/Henry NichollsLONDON, Nov 18 (Reuters) - Renowned graffiti artist Banksy on Friday criticised fashion retailer Guess, saying it had used his work without permission, and invited shoplifters to pay the London shop a visit. Banksy, whose true identity is a closely guarded secret, posted a photo of Guess' Regent Street store in central London on Instagram, suggesting shoplifters should pay it a visit. Please go to GUESS on Regent Street. After the Banksy post, store staff covered the window display.
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