Retail Theft Losses Mount From Shoplifting, Flash Mobs — And Organized Crime
October 6, 2023
The surge in violent and organized retail crime is causing significant losses for major retailers like Target, Kohl’s, Nordstrom, and Walmart. Retail theft losses escalated to $112.1 billion in 2022, a 19% increase from the previous year, according to the 2023 National Retail Security Survey. The rise in theft incidents, often involving violence or threats, is impacting company earnings, prompting store closures, and increasing security measures, leaving both employees and customers uneasy.
Recent News
American Airlines Expands Service to Caribbean and Latin America
As the travel industry experiences a post-pandemic resurgence, American Airlines is capitalizing on the growing demand for vacation destinations in Latin America and the Caribbean.
Indiana Judge Rules Tacos and Burritos Are Sandwiches
An Indiana judge has made a significant decision in his court that could change the food world’s description of their favorite Mexican-style foods.
Elon Musk Confirms Twitter Is Now X.com
The bird is gone and officially replaced with X.
Texas Braces for Record-Breaking Power Demand
Texas is bracing for a record-breaking power demand next week as a spring heat wave drives residents and businesses to ramp up air conditioning usage.