As retailers face ongoing margin pressures from a difficult economic environment, many are growing increasingly concerned about the losses they may be accruing from theft from organized crime gangs. A recent Alameda Police Department news release highlighted $75,000 in recovered retailer property as part of a...
Despite rampant retail theft forcing many retailers to close their doors, Home Depot has reportedly reaffirmed its commitment to major U.S. cities such as Detroit, Philadelphia and Oakland, California. The home improvement retailer has been heavily investing in technology to combat the significant increase in organized...
Walmart and Target are the top funders of a campaign that aims to roll back a California law that critics say has led to a surge in retail theft. This law, Proposition 47, enacted in 2014, aimed to reduce penalties for lower-level drug and property crimes but has...
Last year saw several retailers report that their profits were being hurt by “shrink.” That’s the industry term for lost inventory due to a variety of factors, though much of 2023’s reporting dealt with losses from a wave of retail theft. But as 2024 begins, investors...
July 19, 2017
The connected car future is more or less becoming the connected car present, and with that changeover, cars are becoming more than they ever have been before. The next iteration of the automobile will be able to buy its own gas, download its own direction, make its own playlist suggestions and, perhaps someday soon, even […]
June 22, 2017
While we tend to associate high-tech fraud with eCommerce thieves, as it turns out, it’s a big ecosystem with room enough for good old-fashioned, smash-and-grab types ready to snatch your...
March 15, 2024
Despite rampant retail theft forcing many retailers to close their doors, Home Depot has reportedly reaffirmed its commitment to major U.S. cities such as Detroit, Philadelphia and Oakland, California. The home improvement retailer has been heavily investing in technology to combat the significant increase in organized retail crime that’s been seen over the past five years, […]
February 09, 2024
Walmart and Target are the top funders of a campaign that aims to roll back a California law that critics say has led to a surge in retail theft. This law, Proposition 47,...
January 09, 2024
Last year saw several retailers report that their profits were being hurt by “shrink.” That’s the industry term for lost inventory due to a variety of factors, though much of...
December 15, 2023
The Department of Justice (DOJ) has announced a crackdown on fraud networks that steal money from consumer accounts and use fraudulent “microtransactions” to conceal their illicit activities from financial institutions. These networks...
