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Gotcha: More shoplifters caught in 2013

BY HBSDEALER Staff

Shoplifters and dishonest employees were apprehended in record numbers by U.S. retailers in 2013, according to a recent survey of theft. 

The "26th Annual Retail Theft Survey" by Jack L. Hayes International shed plenty of light on the dark practice of stealing. Perhaps most worrisome, according to the survey organizer, is that theft seems to be on the rise.

For shoplifting, the apprehensions were up 2.5% and the recovery dollars 4.5%; and for dishonest employees the apprehensions were up 6.5% and 2.5% for recovery dollars. 

Of those apprehensions, 78,085 were dishonest employees, and 1,102,635 were shoplifters. 

"What is also of importance is these increases follow similar increases reported the previous two years,” said Mark R. Doyle, president of Jack L. Hayes International.

Twenty-three large retail companies with 23,204 stores and more than $660 billion in retail sales were represented in the survey. These participants apprehended 1,180,720 shoplifters and dishonest employees in 2013, up 2.8% from 2012.

While dishonest employees were far fewer in number than shoplifters, the amount recovered was much closer. Recoveries amounted to $80.7 million for shoplifters, and $53.8 million for dishonest employees. 

Mr. Doyle added, "Retail theft is a serious problem, which is stealing retailers’ profits and causing consumers to pay higher prices to help offset these losses."

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Hurst named manager at new Sears Hometown showroom

BY HBSDEALER Staff

Sears Hometown and Outlet Stores is opening up a new Sears Home Appliance Showroom in Arvada, Colorado, with John Hurst at the helm as the new store manager.

"It’s often challenging to find top-of-the-line home appliances for a reasonable price," said John Hurst, store manager of the new Sears Home Appliance Showroom in Arvada. "We offer the leading appliance brands, including exclusive Kenmore products, at a competitive price you just can’t pass up."

The showroom will open its doors tomorrow (June 26) at 7705 Wadsworth Boulevard. Inside will be a full lineup of home appliance merchandise and mattresses with a strong focus on price-matching against other retailers.

This will be Sears Hometown’s fourth Appliance Showroom opening this year, as well as the 14th opening period for the company in 2014.

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HCN Stock Watch: DOOR falls a bit

BY HBSDEALER Staff

The recent streak of market optimism broke on Tuesday, with the majority of HCN stocks turning down. Masonite (DOOR) fell the most, down 2.75%.

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