Montelores
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Inside Home Depot’s efforts to stop a growing theft problem at its stores
PUBLISHED FRI, NOV 22 20196:20 AM EST
Courtney Reagan
Jennifer Schlesinger
CNBC
Imagine loading up a cart full of merchandise at a store, and just walking out the door in broad daylight as store employees watch you do it.
It’s known as organized retail crime, and it’s a growing trouble for the nation’s retailers. Instead of stealing for personal use, these criminals are part of a larger crime ring. The goods are taken to someone else in exchange for cash, then resold at a pawnshop, online or directly to a buyer.
“I personally believe, this is driven by the opioid crisis,” Carol Tome, Home Depot’s then-chief financial officer said in a phone interview with CNBC in May.
Many of those who steal are addicted to opioids. They turn the stolen goods quickly, often the same day, into money to buy drugs, according to the Utah Attorney General’s office. The crime rings vary in size and complexity and can include as many as 100 people across multiple states, according to Home Depot.
“We watch them leave our store with product ... Often, they are armed and we don’t want to put our customers or associates in harm’s way,” said Tome, who retired in August.
In surveillance video from Home Depot stores that CNBC obtained, a suspect is seen punching a store employee when the worker tries to stop her from stealing. In another video, a suspect appears to squirt pepper spray into the eyes of an employee. Home Depot said they have seen suspects flash guns or knives in other surveillance videos.
Home Depot is far from the only retailer seeing the spike in this activity...
https://www.cnbc.com/2019/11/22/inside-home-depots-efforts-to-stop-a-growing-theft-problem.html
Monty
PUBLISHED FRI, NOV 22 20196:20 AM EST
Courtney Reagan
Jennifer Schlesinger
CNBC
Imagine loading up a cart full of merchandise at a store, and just walking out the door in broad daylight as store employees watch you do it.
It’s known as organized retail crime, and it’s a growing trouble for the nation’s retailers. Instead of stealing for personal use, these criminals are part of a larger crime ring. The goods are taken to someone else in exchange for cash, then resold at a pawnshop, online or directly to a buyer.
“I personally believe, this is driven by the opioid crisis,” Carol Tome, Home Depot’s then-chief financial officer said in a phone interview with CNBC in May.
Many of those who steal are addicted to opioids. They turn the stolen goods quickly, often the same day, into money to buy drugs, according to the Utah Attorney General’s office. The crime rings vary in size and complexity and can include as many as 100 people across multiple states, according to Home Depot.
“We watch them leave our store with product ... Often, they are armed and we don’t want to put our customers or associates in harm’s way,” said Tome, who retired in August.
In surveillance video from Home Depot stores that CNBC obtained, a suspect is seen punching a store employee when the worker tries to stop her from stealing. In another video, a suspect appears to squirt pepper spray into the eyes of an employee. Home Depot said they have seen suspects flash guns or knives in other surveillance videos.
Home Depot is far from the only retailer seeing the spike in this activity...
https://www.cnbc.com/2019/11/22/inside-home-depots-efforts-to-stop-a-growing-theft-problem.html
Monty