Variety store chain Dollar Tree has announced plans to close 1,000 Family Dollar stores due to inflation and retail theft. Dollar Tree CEO Rick Dreiling confirmed the impending store closures on March 13. About 600 Family Dollar stores will be closed in the first half of 2024, while roughly 370 Family Dollar stores will shutter […]

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The humble self-checkout lane, those kiosks that give customers the employee experience, you know, sans paycheck. Since we last discussed this subject back i...

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The state of New York is losing $12 million daily due to retail theft. Martin Armstrong of Armstrong Economics expounded on this in a Nov. 28 piece, blaming New York Gov. Kathy Hochul for the shoplifting crisis in the Big Apple. Armstrong noted Hochul’s backing of the “light-on-crime policies,” which caused “a drastic uptick in crime across the […]

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As the whole world adjusts to the post-pandemic world, retailers face difficulties amid shrinking inventories due to the prevalence of crime and violence, including theft, shoplifting, and other fraudulent activities. In fact, a recent Retail Workplace Survey by Loss Prevention Magazine found that 60 percent of retail workers saw some form of ruthlessness on the […]

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Walmart stores are grappling with a jump in shoplifting that could lead to price spikes and closures, Walmart CEO Doug McMillon said Tuesday

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