Target points to retail crime as reason as company set to shutter 9 stores
Target said Tuesday it would close a handful of stores, citing theft and organized retail crime that put safety and business performance at risk. The move affects nine total stores.
AI voice cloning scams on the rise, expert warns
Scammers are increasingly using artificial intelligence tools like voice cloning to impersonate their targets' family members in a bid to get them to send money.
UPS using AI to prevent 'porch pirates' from stealing packages
UPS is leveraging artificial intelligence to prevent "porch pirates" from stealing consumers' packages after they are delivered and recommend the best options for successful deliveries.
CA store owners sound off on retail theft hurting business
California small business owners say Democrat-led policies encourage thieves to commit crimes "more brazenly," noting community concerns have "escalated" on the issue.
Nike abandons Portland store re-opening amid 'theft and safety issues'
Nike has decided to abandon a store it had temporarily closed in Portland, Oregon due to "theft and safety" issues, according to a local outlet's report.
United Airlines passenger attempts to enter cockpit, open exit doors during takeoff
An unidentified passenger on a United Airlines flight from Chicago to Los Angeles allegedly tried to forcefully enter the cockpit and open the plane's exit doors before takeoff.
Florida restaurant confronts 'dine-and-dash' customers with 'popular' new tactic
Rick’s on the River owner Ken Brackins shares his strategy for combating dine and dashers by posting security footage on social media.
Atlanta Walmart considers adding police substation when it reopens
A Walmart Supercenter in Atlanta is reopening next year, more than a year after it caught fire. When it does, it will have a workspace that's specifically for law enforcement officials.
Stuart Varney: Why is Harvard hiring failures to teach elites?
FOX Business' Stuart Varney examines why prestigious Harvard University hired ex-mayors Lori Lightfoot and Bill de Blasio to teach students about how to run a big city.
CA mayor warns crime, Democrat-led 'moral crisis' are 'coming home to the suburbs'
Shoplifting and retail theft has become "rampant" in Vista, California, says the city's mayor, who put the onus on the Prison Realignment Act and Prop 47.
Pretzel-shop worker with pennies in bank account charged in $1M scheme to buy Tesla, GameStop, Nvidia shares
The SEC has charged a 23-year-old part-time pretzel-shop worker in a $1 million fraud scheme to buy shares of Tesla, GameStop and Nvidia.
Dollar General expects $100M headwind from theft
Dollar General reported Thursday that its gross profit as a percentage of net sales slipped in its second quarter in part because of an elevated level of inventory shrink.
San Francisco Nordstrom closes after more than 30 years in business amid retail exodus
Nordstrom in downtown San Francisco has finally shut its doors for good after being a staple in the Westfield mall for over 35 years due to changing "dynamics" of the city.
Nordstrom reports 'historical highs' for theft-incurred losses
Nordstrom recently provided an update on the impacts it has seen from retail theft, with the CEO saying losses were "at historical highs" but "in line" with what they expected for the year.
Led by Rolex, watch thefts, losses could jump nearly 78% this year
The number of luxury watches reported to The Watch Register as lost or stolen in the U.S. could jump significantly this year. Its global database currently consists of 80,000 watches.
Dollar Tree taking 'very defensive approach' to shoplifting, CEO says
Rick Dreiling, CEO of Dollar Tree, on Thursday described some of the actions the retailer is taking in stores as part of its "very defensive approach" to shoplifting.
SEC files charges against former New Jersey officer in crypto fraud scheme targeting first responders
The Securities and Exchange Commission filed civil charges against a former New Jersey police officer for his alleged involvement a crypto fraud scheme targeting first responders.
Nike shares on longest losing streak ever
Nike shares have fallen for 10 straight days as a series of retailers deliver bad news, adding to existing headwinds in both the U.S. as well as abroad for the sporting goods giant.
Dick's Sporting Goods profits hit by retail theft
Shares of Dick's Sporting Goods tumbled after the retailer slashed its profit forecast following a 23% drop in profits amid a rising crime wave hitting multiple retailers.
Recovering drug addict blames Philly leaders for 'encouraging' criminals to 'break all the rules' they want
After overcoming addiction himself and becoming a small business owner, Frank Rodriguez is now calling on city leaders to address Philadelphia's drug and homeless crises.