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‘Organized Retail Crime’ Is Growing (And Not Just Because Of The Pandemic)

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Organized crime rings are taking advantage of the pandemic, looser police enforcement and a softening in anti-shoplifting laws to swipe tons of merchandise from retail stores and warehouses across the United States. KPIX-TV reported that the shop proudly advertised on Facebook Marketplace that customers “never pay retail.”.

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Today In Retail: FedEx Concludes ShopRunner Acquisition; Save A Lot Sells 51 Stores To Fresh Encounter

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In today’s top retail news, FedEx Corp. concluded its previously announced purchase of ShopRunner, while Save A Lot unveiled the sale of 51 stores run by the company in the Tampa, Florida market to Fresh Encounter. The service connects more than 100 brands and retailers to shoppers. Retail 2020: Looking Back On D2C Brands.

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Apple To Reopen Approximately 100 US Retail Locations

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Apple , which runs 510 retail locations throughout the globe, intends to open roughly 100 U.S. Apple will reportedly open stores again this week in Georgia, Florida, Texas, Utah, Arizona, Nevada and Missouri, among other states. term trends, and guidance from national and local health officials.”. stores this week.

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Bitcoin Daily: SEC Charges Florida Crypto Trader In $6.8M Fraud Case; Salt Lending To Pay $250,000 Fine, Refund ICO Investors; SEC Alleges Swedish National Bilked Crypto Investors Of $1.5M

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Securities and Exchange Commission (SEC) claims that a Florida digital currency trader purportedly bilked customers out of $6.8 It is looking for damages for “thousands of retail investors” from the 46-year-old individual, according to the complaint, as cited by CoinDesk. million, CoinDesk reported.

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LaCroix Maker National Beverage Corp. Reports Drop In Sales

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Marking its first fall in quarterly sales in half a decade, LaCroix sparkling water maker National Beverage Corp. By contrast, the Florida-based company reported $300 million in the quarter finishing in July, The Wall Street Journal reported. “We We are truly sorry for these results,” said National Beverage Corp.

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Back-to-School Retail Meets Digital 3.0 FIT Framework

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The retail industry is facing its first sales event of the pandemic with the coming of back-to-school sales. The projections were led by the National Retail Federation (NRF) this week, as it foresees record sales for back to school. Second, are retailers removing friction from the buying process? The Digital 3.0

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NRF: Inventory Shrink Has $46.8M Impact On Retailers

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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 $46.8 percent of sales to retailers, Forbes reported. According to a study from FaceFirst , 20 percent of shoplifters, that are known, hit up three or more locations of a retailer.

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