Retail crime isn’t solely affecting the United States; it’s also a burgeoning concern on the other side of the Atlantic. On Sunday (Oct 1), 88 U.K. retailers united to endorse a letter drafted by the British Retail Consortium (BRC). This letter was addressed to Home...
“It’s more than shoplifting. It’s organized retail theft,” PYMNTS said at the end of May and it’s an issue that lives on. U.S. retailers are still grappling with “inventory shrinkage,” which encompasses the vanishing of products owing to theft, coordinated criminal endeavors, product impairment, vendor deception,...
Skims, a brand created by Kim Kardashian that specializes in underwear, loungewear and shapewear, is gearing up to establish its inaugural permanent stores in the coming year, as part of its expansion into both domestic and international retail markets. Its flagship store in Los Angeles...
Call it the silent killer — of merchants’ bottom lines. The rise of organized retail theft has spared increased scrutiny on Capitol Hill. And Tuesday (June 13), at a hearing titled “The Rise in Organized Retail Crime and the Threat to Public Safety,” members of...
October 09, 2023
Why do so many shoppers like Target or Walmart? For some, it’s considered a nearby oasis that offers affordable prices on a diverse range of products. From groceries to clothing and electronics, these big format retailers provide a one-stop seamless shopping experience. However, in light of recent developments in the retail sector, one may wonder […]
May 04, 2023
Nordstrom is reportedly shuttering two of its San Francisco stores amid declining foot traffic. That’s according to a Wednesday (May 3) Wall Street Journal report, which cites a number of factors for the closing, including worries about crime and the persistence of remote work keeping potential shoppers away from cities. “Downtown America has been particularly […]
