Retailers urge Congress to crack down on theft, as industry ramps up lobbying effort

  • 📰 CNBC
  • ⏱ Reading Time:
  • 65 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 72%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

The retail industry is pushing for Congress to crack down on organized theft, even as losses from crime

Representatives from more than 30 retailers joined a major industry lobbying group on Capitol Hill, as they ramped up pressure to pass a law that backers say will curb retail theft.

Before holding individual meetings with retail officials, the bill's co-sponsors joined NRF CEO Matthew Shay in a press conference outside the Capitol — where they framed the legislation as critical to retailers' bottom lines and their employees' safety. American Eagle Outfitters chief global asset protection officer Scott McBride, who is meeting with lawmakers to rally support for the law, pointed to the collaboration as a major benefit of the proposal.

The NRF's national retail security survey showed two-thirds of retail respondents reported seeing increased levels of violence and aggression from ORC offenders in 2022 compared with 2021. In the 2021 survey, 81% of respondents reported more violence than in the year prior. National Retail Federation CEO Matthew Shay speaking at a press conference for the lobby group's "Fight Retail Crime Day."The bill would establish a new federal felony threshold that is also aggregated over any 12-month period rather than a threshold per incident.

While the members of Congress at the press conference, along with retail representatives and the NRF, acknowledge there is wide support for the measure, time is ticking on the legislative year to move it forward to committee and beyond.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Retailers urge Congress to crack down on theft, as industry ramps up lobbying effortThe retail industry is pushing for Congress to crack down on organized theft, even as losses from crime
Source: NBCNewYork - 🏆 270. / 63 Read more »