Woman caught with nearly $500K worth of goods swiped from drug stores: police
A California woman was arrested after being found in possession of more than $450,000 worth of stolen property. The California Highway Patrol (CHP) announced in a Facebook post that 35-year-old Claudia Cruz has been charged with organized retail crime, possession of stolen property and criminal conspiracy for her alleged role in the fence-setting operation. Last […]
Target sales bounced back after closing crime-prone stores
Target’s sales and traffic rebounded this week after it closed stores with high crime rates, sources told The Post, suggesting more retailers may start closing stores due to shoplifting. “Cheap chic” discount store Target reported profits and sales that beat Wall Street expectations on Wednesday as price cuts attracted inflation-weary shoppers. But Target’s Chief Operating […]
Thieves hit 3 7-Eleven stores in 20 mins, hours after Newsom signed ‘smash-and-grab’ tackling bills
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California thieves strike 3 7-Eleven stores in under 20 minutes hours after Gavin Newsom signed ‘landmark’ package to curb smash-and-grab crime
A group of California bicyclists attacked three 7-Eleven stores in less than 20 minutes, just hours after Democratic Governor Gavin Newsom signed a “landmark” bill to crack down on retail theft. On Friday night, about 20 thieves on bicycles targeted convenience stores two miles apart in the Hollywood area. According to NBC Los Angelesciting the […]
Grocery stores are moving to digital price tags: are they harming consumers?
Anthony Chan, a former chief economist at JPMorgan Chase, was responding to Kamala Harris saying she would make lowering prices a priority on her first day in office, even though she’s already in office. Two Democratic senators are investigating Grocery store chains Kroger has expressed concerns about the use of digital price tags, known as […]
These 4 stores already have Halloween decorations out
Get your yard and home ready for Halloween. (iStock) If you’re looking to get your Halloween decorations up and running early, you’ll be happy to hear that stores have already started selling indoor and outdoor Halloween decorations, so unleash your spooky side and fill your home with ghosts, bats, skeletons, and everything in between. Walmart, […]
Instacart delivery workers avoid stores with locked merchandise: report
Rampant retail theft has led to stores locking up products like toothpaste and underwear, frustrating many customers, but delivery workers are now reportedly starting to avoid such stores. Delivery drivers for apps like Instacart and Walmart Spark have to fulfill in-store orders within deadlines, so they don’t have time to press a button and wait […]
LL Flooring Files for Bankruptcy, Closing Nearly 100 Stores
Hardwood flooring giant LL Flooring Holdings Inc., formerly Lumber Liquidators, has filed for Chapter 11 bankruptcy protection as it closes dozens of stores and attempts to sell its remaining locations. I am a home remodeling contractor. Peaked in Over 420 locations The U.S. and Canadian investor filed for Chapter 11 bankruptcy protection in Delaware on […]
LL Flooring to close 94 stores as it files bankruptcy
See what’s clicking on FoxBusiness.com Retailer LL Flooring has filed for bankruptcy and plans to close more than 90 stores, according to a filing with the U.S. Securities and Exchange Commission. The company filed for Chapter 11 bankruptcy relief in U.S. Bankruptcy Court for the District of Delaware on Sunday. The company said in a […]
Saks Fifth Avenue owner developing luxury hotel, apartments in former department stores
Saks Fifth Avenue is considering expanding its brand into hotels and luxury apartments as it seeks to grow beyond the tough retail industry, according to information obtained by The Washington Post. Following the shock announcement that Saks’ parent company, HBC, would acquire rival Neiman Marcus for $2.65 billion, HBC is developing a hotel and 56 […]