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Retail shoplifting in NYC

Shoplifting is so bad that grocery stores are warning that food might have to be kept behind the counter.

NEW YORK – Like drug stores locking up toothpaste, your local grocery store might have to start locking up meats and vegetables due to rampant shoplifting.

"People have no fear of coming to your store and stealing," Nelson Eusebio of the National Supermarket Association.

He also warns that shoplifters are becoming more violent.

“Our employees are terrified.”

"Our employees are terrified," Eusebio says.  "We have young people that come to work, young cashiers who work part-time, these kids are 16-17 years old.  They're traumatized."

Eusebio says that when stores call about shoplifting, police do not respond quickly and the thief can be gone for hours before officers arrive.

He says the industry is moving towards locking up food.

“The shopping experience is just going to be gone.”

"Everything that is cosmetics, shampoo, baby formula is behind the counters.  It's going to be more and more of that happening," Eusebio says.  "We're going to have an environment where everything is behind the counter and the shopping experience is just going to be gone."

"You're not going to be able to smell the food, read the ingredients, look at a recipe, that's going to disappear if we don't do something now," Eusebio says.

The National Supermarket Association represents independent grocery stores in New York City.  It's statistics show that 30% of its membership has left the city. NYC stores beg for help against serial shoplifters

Bodega and grocery store owners in New York City are demanding more help to combat brazen shoplifting that is endangering their survival.

Frank Marte of the Bodega and Small Business Group says around 97% of the people stealing items are doing it to resell them.

"You feel for our security and employees because there's no consequence and our D.A. is not punishing them and our elected officers, they are the worst, in this case," Marte says.  "We need to work with NYPD."

‘Out of control’: NYC stores beg for help against serial shoplifters

The industry is banding together to form a coalition called Collective Action to Protect our Stores (CAPS).

The coalition is led by the independent supermarkets of the National Super Market Association and the founding members are the National Supermarket Association, the Bodega and Small Business Group, and the Metro Supermarket Association.

Among the items they are demanding is stiffer penalties for shoplifting.

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Technology

Palo Alto Networks reports earnings beat, says founder Nir Zuk retiring from company

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Palo Alto Networks reports earnings beat, says founder Nir Zuk retiring from company

Nikesh Arora, CEO of Palo Alto Networks, looks on during the closing bell at the Nasdaq Market in New York City on March 25, 2025.

Jeenah Moon | Reuters

Palo Alto Networks reported better-than-expected quarterly results and issued upbeat guidance for the current period. The cybersecurity software vendor said Nir Zuk, who founded the company in 2005, is retiring from his role as chief technology officer.

The stock rose about 6% in extended trading.

Here’s how the company did compared to LSEG estimates:

  • Earnings: 95 cents adjusted vs. 88 cents expected
  • Revenue: $2.54 billion vs. $2.5 billion expected.

Revenue in the fiscal fourth quarter rose 16% from about $2.2 billion last year, the company said in a statement. Net income fell to about $254 million, or 36 cents per share, from about $358 million, or 51 cents per share, in the year-ago period.

The company also issued upbeat guidance for the fiscal first quarter. Earnings per share will be between 88 cents and 90 cents, Palo Alto said, topping an 85-cents estimate from StreetAccount.

For the full year, Palo Alto said revenue will range from $10.48 billion to $10.53 billion on adjusted earnings of $3.75 to $3.85 per share. Both estimates exceeded Wall Street’s projections.

Palo Alto said that for the fiscal first quarter, remaining purchase obligations, which tracks backlog, will range between $15.4 billion and $15.5 billion, surpassing a $15.07 billion estimate.

Last month, the company announced plans to buy Israeli identity security provider CyberArk for $25 billion. It’s the largest deal Palo Alto has made since its founding, and most ambitious in an acquiring spree that ramped up after CEO Nikesh Arora took the helm of the company in 2018.

Shares sold off sharply after the news broke and have yet to recover previous highs. The stock is down about 3% this year as of Monday’s close.

“We look for great products, a team that can execute in the product, and we let them run it,” Arora told CNBC following the announcement. “This is going to be a different challenge, but we’ve done well 24 times, so I’m pretty confident that our team can handle this.”

Lee Klarich, the company’s product chief, will replace Zuk as CTO and fill his position on the board.

WATCH: Power check on Palo Alto, Viking Holdings and Estee Lauder

Power Check: Palo Alto Networks, Viking Holdings, and Estee Lauder

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Politics

US Treasury calls for public comment on GENIUS stablecoin bill

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US Treasury calls for public comment on GENIUS stablecoin bill

US Treasury calls for public comment on GENIUS stablecoin bill

The comments, due by Oct. 17, will focus on “innovative methods to detect illicit activity involving digital assets,” as required by the GENIUS Act.

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Entertainment

‘Ketamine Queen’ to plead guilty to supplying dose of drug that killed Matthew Perry

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'Ketamine Queen' to plead guilty to supplying dose of drug that killed Matthew Perry

A woman who was charged with selling Friends star Matthew Parry the dose of the drug that killed him has agreed to plead guilty.

Jasveen Sangha, known as the “Ketamine Queen”, is the fifth and final defendant to strike a plea deal with prosecutors, avoiding a trial that was set to take place in September.

The 42-year-old agreed to plead guilty to five federal criminal charges, including providing the Ketamine that led to Perry’s death, federal prosecutors said in a statement.

She agreed to plead guilty to five federal criminal charges, including providing the Ketamine that led to Perry’s death, federal prosecutors said in a statement.

Prosecutors had cast Sangha, a dual US and UK national, as a prolific drug dealer known to her customers as the “Ketamine Queen”, often using the term in court documents and even including it in the official name of the case.

Actor Matthew Perry in 2015. File pic: Reuters
Image:
Actor Matthew Perry in 2015. File pic: Reuters


She agreed to plead guilty to one count of maintaining a drug-involved premises, three counts of distribution of ketamine, and one count of distribution of ketamine resulting in death or serious bodily injury.

Sangha will officially change her plea to guilty at an upcoming hearing, where sentencing will be scheduled, prosecutors said.

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Dr. Mark Chavez, a physician from San Diego, who is charged in connection with Matthew Perry's fatal overdose. Pic: AP
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Dr. Mark Chavez, a physician from San Diego, who is charged in connection with Matthew Perry’s fatal overdose. Pic: AP

She is facing up to 45 years in prison.

Sangha and a doctor named Salvador Plasencia, who signed his own plea deal in June, had been the primary targets of the investigation.

Three other defendants – Mark Chavez, who it was claimed bought the drug from Sangha, Kenneth Iwamasa, and Erik Flemin – agreed to plead guilty last year in exchange for their cooperation, which included statements implicating Sangha and Plasencia.

Friends became one of the most popular TV shows in the world in the 1990s and 2000s
Image:
Friends became one of the most popular TV shows in the world in the 1990s and 2000s

Prosecutors allege Chavez funnelled ketamine to Plasencia, securing some of the drug from a wholesale distributor through a fraudulent prescription.

In one instance, prosecutors allege that Plasencia “charged Perry $2,000 (£1,500) a vial that cost Dr Chavez approximately $12 (£9)”.

Perry died in his home in October 2023, aged 54, after getting ketamine from his regular doctor for treatment of depression, which is an increasingly common use for the surgical anaesthetic.

The actor was taking ketamine six to eight times a day before he died, according to court documents.

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