Law/Justice

CEOs from Target, CVS and Walgreens ask Congress for help amid retail crime surge

This is what I thought would happen in response to “defund the police.” I suspected there would be a decrease in policing in predominantly lower-income urban areas, followed by rising crime rates (which are fueled by pandemic and economic conditions as well), followed by renewed calls for law and order and increased federalization of law enforcement. In the future, the USA will probably experience a weakening of local law enforcement and intensification of federal and private law enforcement. Out of the frying pan, into the fire.

Market Watch

The CEOs from 20 major retail brands, including Target TGT, +0.58%, CVS CVS, +1.79% and Walgreens WBA, +0.69%, have jointly penned a letter to Congress over concerns of increasing crime in their stores.

“As millions of Americans have undoubtedly seen on the news in recent weeks and months, retail establishments of all kinds have seen a significant uptick in organized crime in communities across the nation,” the letter reads.

“While we constantly invest in people, policies, and innovative technology to deter theft, criminals are capitalizing on the anonymity of the Internet and the failure of certain marketplaces to verify their sellers,” it continues. “This trend has made retail businesses a target for increasing theft, hurt legitimate businesses who are forced to compete against unscrupulous sellers, and has greatly increased consumer exposure to unsafe and dangerous counterfeit products.”

Related: CVS is battling a $45 billion crime spree

The goal for the letter, which was addressed to the majority and minority leaders in both the House and the Senate, is to consider passing the Integrity, Notification and Fairness in Online Retail Marketplaces (INFORM) Consumers Act. The act aims to increase transparency for online retail marketplaces, slow the sale of counterfeit goods online, and increase verification protocols for buyers.

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