PYMNTS-MonitorEdge-May-2024

Shoplifting

NY Indicts 41 in Alleged Shoplifting Ring That Resold on eBay
NY Indicts 41 in Alleged Shoplifting Ring That Resold on eBay
May 26, 2022  |  Security & Fraud

New York authorities are saying they’ve taken down an organized shopping ring that was stealing high-end items and reaping “millions of dollars,” Financial Times reported...

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Home Depot Connects Opioid Addiction To Thievery Uptick
Home Depot Connects Opioid Addiction To Thievery Uptick
December 12, 2019  |  Retail

Executives at Home Depot said opioid addiction in the U.S. might be part of the reason for a recent escalation of thefts in its stores,...

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Walmart, Six Other Retailers See Judge Dismiss Shoplifting Lawsuit
Walmart, Six Other Retailers See Judge Dismiss Shoplifting Lawsuit
February 11, 2019  |  Retail

Walmart and six other retailers saw a federal judge toss out a lawsuit that accused the group of forcing shoplifters to take expensive classes or...

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NRF: Inventory Shrink Has $46.8M Impact On Retailers
NRF: Inventory Shrink Has $46.8M Impact On Retailers
February 01, 2019  |  Retail

In the modern age of retail, a National Retail Federation (NRF) study has found that inventory loss, due to crime or error, is having a...

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Consumers Accuse Walmart And Bloomingdale’s Of Extorting Alleged Shoplifters
Consumers Accuse Walmart And Bloomingdale’s Of Extorting Alleged Shoplifters
July 03, 2018  |  Retail

Even shoplifters have rights, and when push comes to shove, shoplifters will push to have their rights recognized in court. Some of the country’s biggest...

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Shrinking The Shrinkage Problem With Biometric Network Surveillance
Shrinking The Shrinkage Problem With Biometric Network Surveillance
May 09, 2018  |  Retail

A guy walks into a pharmacy, does a lap and walks out without buying anything. An hour later, he walks into another location of the...

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Avoiding Scan Avoidance With Computer Vision
Avoiding Scan Avoidance With Computer Vision
March 01, 2018  |  Retail

Retailers lose $14 billion annually in “scan avoidance” — that is, when items are bagged at the register without ever being scanned or paid for....

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