KnowBe4's latest report reveals that cybercriminals are now more interested in stealing credentials than payment card data, with phishing attacks leading the charge. Retail cyberattacks surged by 56% in 2023, costing an average of $3.48 million per breach. North America and the U.S. retail sector are the hardest hit, but the good news is that security awareness training is proving effective in reducing phishing susceptibility.
President Trump has hiked import taxes on Chinese goods by 20% and is eyeing reciprocal tariffs. While the on-again, off-again tariffs on Canada and Mexico won't hit port volumes much, a new proposal to charge up to $1.5 million for Chinese-built ships docking in the U.S. could shake things up. This might lead to bigger ships and fewer port calls, especially hurting smaller ports. Import volumes are expected to dip in June and July, partly due to last year's port strike prep.
Kyle Brady Shelton, a former manager at The Market in Redwood Falls, has pleaded guilty to sexually assaulting two teenage employees. Shelton, 46, admitted to multiple counts of criminal sexual conduct and is expected to be sentenced to nearly six years in prison. The assaults included inappropriate texts and physical encounters, with one victim detailing a relationship that began when she was hired to babysit for Shelton. His sentencing is set for April 28.
Tuesday was packed with economic data that could shake up the markets. The JOLTs Job Openings report at 10 AM ET was the headliner, expected to show 7.710M job vacancies. Other highlights included the WASDE Report, EIA Energy Outlook, and a 3-Year Note Auction. Don't forget the NFIB Small Business Optimism and Redbook sales growth reports.
Hitting a seven-month low, the country's retail inflation slipped to 3.61 per cent in February, marking a decline of 65 basis points from January, mainly due to the dip in the rate of price rise in vegetables and protein-rich items, creating space for the Reserve Bank of India for second reduction in interest rate next month, the government said on Wednesday.
Signalling a respite for consumers amid the challenging economic climate, this marks the lowest inflation level since July 2024.
Comparatively, the consumer price index-based retail inflation was at 4.26 per cent in January and 5.09 per cent in February 2024.
The data released by the National Statistics Office (NSO) revealed that the year-on-year inflation rate for February 2025 was 3.75 per cent.
Senior Director of Asset Protection at Brookshire Grocery Company
Brookshire Grocery Company, based in Tyler, TX, has selected Chris Harris to lead their Asset Protection initiatives. Having held previous leadership positions with Kroger and Weis Markets, Chris has the knowledge and experience to achieve BGC’s objectives as they pertain to Asset Protection and Safety.
Chris’s role at Kroger entailed leading and developing the enterprise asset protection program for all retail and supply chain locations. This included the shrink mitigation of perishable products through improved handling and ordering operations, sourcing and developing technological solutions with an emphasis on AI-based programs such as computer vision and generative AI, managing the investment and return of low customer friction product protection solutions, and the mitigation of theft and organized retail crime.
Train your brain to better handle workplace conflict
Conflict can make our brain shift into a fight, flight or freeze response, but Joel Salinas, an author and professor at New York University Langone, offers five strategies to cope, including pausing before responding, reframing conflict as an opportunity, naming emotions and practicing empathy. "Instead of bracing for battle, ask yourself: What can I learn from this?" Salinas suggests.
Why we avoid or lash out (and how to unlearn unhelpful behaviors).
Key points
Conflict activates the brain’s salience system, making it harder to think clearly.
Simple techniques like deep breathing and affective labeling help regulate emotional responses.
Shifting your mindset from threat to challenge can change how you engage in conflict.
Developing conflict resilience is a skill that can improve relationships, leadership, and well-being.
Memphis Police are on the case after two men were shot at while driving on Germantown Parkway, with a nearby restaurant and parked car also catching some stray bullets. The silver Buick they were in ended up with 13 bullet holes, and the scene was littered with shell casings. The victims managed to get to the hospital thanks to a good Samaritan, but no arrests have been made yet.
3rd member of retail crime ring sentenced for role in $238K theft scheme
DENVER (KDVR) — A 20-year-old man was sentenced Friday to 17 years in prison after he pleaded guilty for his role in a retail theft scheme in Castle Rock and across the Denver metro, according to the 23rd Judicial District Attorney’s Office.
Jaison Contreras-Rangel, of Venezuela, pleaded guilty to two counts of theft and violating the Colorado Organized Crime Control Act. Contreras-Rangel was accused of participating in 12 thefts at retail stores that included jewelry stores and a Sunglass Hut.
According to an arrest affidavit, Contreras-Rangel was part of a group that was linked to 19 thefts in the Denver metro from Dec. 4, 2023, through Jan. 25, 2024. The crime ring, according to the court documents, has at least seven “main members” who have been identified by police.
Shamed.us gives businesses a fresh approach to combat against retail theft
CHICAGO, IL, UNITED STATES, March 10, 2025 /EINPresswire.com/ -- Shamed.us Launches to Combat Retail Theft and Enhance Community Safety
In response to the escalating issue of retail theft affecting businesses nationwide, Shamed.us has officially launched, offering an innovative platform designed to deter shoplifters and promote safer communities. By publicly exposing individuals arrested for theft, Shamed.us aims to hold offenders accountable and reduce the financial burden on retailers.
Addressing a Growing Concern
Retail theft has become a significant challenge for businesses across the United States. According to the National Retail Federation (NRF), shoplifting incidents surged by 26% in 2023 compared to the previous year, with retailers experiencing an average of 177 incidents per day.
Three retail firms plead guilty to breaching law on sales pricing
Three retail companies have pleaded guilty to breaching laws on sales pricing, the first prosecutions under new legislation introduced in 2022.
Lifestyle Sports (Ireland), DID Electrical Appliances and Rath-Wood Home and Garden World were before Dublin District Court after prosecutions were brought by the State’s competition and consumer watchdog.
The three firms were ordered to pay €1,000 each to the Little Flower Penny Dinners charity and to cover the costs of the Competition and Consumer Protection Commission (CCPC), which took the case.
Section 1(1) of the Probation Act is to be applied in each case on compliance with court order.
The prosecutions were brought by the CCPC following online sweeps conducted over the 2023-2024 winter sales season, including Black Friday.
Dick’s Sporting Goods is latest retailer to forecast rocky 2025 as recession fears swirl
Dick’s Sporting Goods on Tuesday said it’s expecting 2025 profits to be far lower than Wall Street anticipated, making it the latest retailer to forecast a rocky year ahead as consumers contend with tariffs, inflation and fears around a potential recession.
Man shot in drive-by, shot again while seeking help, Houston police say
Police say a man was shot by two separate people in an unusual incident in the Greater Third Ward Monday night.
Houston police said a man on a scooter was shot by someone riding in a car. The victim approached a liquor store for help when he was shot by a customer inside the store.
Dollar stores surge, Walgreens retreats in new store map
February was another big month for dollar stores across the U.S., with 122 opening and 37 closing, according to the monthly Supermarket News store map.
The month saw another big wave of closings of the embattled pharmacy chain Walgreens, which recorded 80 shuttered locations.
A total of 142 stores closed and 129 opened for the month, according to data from ScrapeHero.com.
The Walgreens closures picked up speed in February, following the closure of 36 locations in January and a combined 70 stores in November and December. The Deerfield, Illinois-based retailer operates 8,404 locations, as of Feb. 24, according to ScrapeHero.
New data revealed a downturn in retail sales last month, impacted by tariff issues, rising unemployment rates, and severe winter conditions. According to Yahoo Finance, the National Retail Federation's Retail Monitor showed a decrease of over 0.2% in total seasonally adjusted retail sales, excluding automobiles and gas, for February as compared to January.
This drop came after a larger decline observed in the previous month, although there was a more than 3% unadjusted increase compared to the same month last year. Matthew Shay, CEO of NRF, noted that consumers are spending cautiously due to fears of inflation and higher prices for essential goods. The market is now anticipating the latest Consumer Price Index (CPI) report due on Wednesday, which is expected to provide further insights into inflation trends.
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