A punchy RadioShack clerk, stealing and reselling in the same Walmart, and more
Two big iPod scams lead to jail; stolen AC adapter returned to the same store. It's the Week in Electronics Retail Crime.
A vice president at Fry's Electronics has been arrested and charged with embezzling $65 million through a kickback scheme involving the company's suppliers.
Rise Expected in Shoplifting For Holidays
Retailers nationwide are expecting a rise in shoplifting this holiday season over past years, due mostly to the weak economy. According to numbers released by security company ADT Security Services, a rise in demand for theft and stores cutting back on security personnel have combined to make a rise from last year's nationwide total of $12 billion in losses likely.
The Consumer Electronics Association this week announced its Executive Board and Board of Industry Leaders for 2009. MyerEmco President/CEO Gary Yacoubian has been elected chairman of the Executive Board- the first retailer to ever hold that title- while DBL President Henry Chiarelli will be vice chairman.