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A California sheriff launched a scathing tirade against Target, accusing the retailer of preventing cops from cracking down on shoplifting — even as the chain asks authorities for help.

Sheriff Jim Cooper of California’s Sacramento County said he was outraged when the Minneapolis-based discount chain told property crimes detectives that they “could not contact suspects inside the store.”

“We could not handcuff suspects in the store; and if we arrested someone, they wanted us to process them outside behind the store in the rain,” an exasperated Cooper fumed in a lengthy X post

“We were told they didn’t want to create a scene inside the store and have people film it and put it on social media,” Cooper added. “They didn’t want negative press. Unbelievable.”

Cooper detailed one incident at Target where “deputies watched a lady on camera bring in her own shopping bags, go down the body wash isle and grab a bunch of Native body washes. Then she went to customer service and return them!”

“Target chose to do nothing and simply let it happen,” Cooper wrote. “Yet somehow, locking up deodorant and raising prices on everyday items we need to survive is their best answer.”

“We dont tell big retail how to do their jobs, they shouldnt tell us how to do ours.”

The Post has sought comment from Target and the Sacramento County Sheriff’s Office.

Hamstrung by policies that prevent employees from engaging with shoplifters, other big chains including CVS and Walgreens have resorted to locking up everyday items in an attempt to combat rampant shoplifting.

The trend has some shoppers fuming that the days of quick trips to the store are over.

Dr. Emily Long, a plastic surgeon based in Boston, took to social media recently to gripe over having to wait at Target to pick up beauty products that were enclosed behind a glass case.

The era of Target runs is officially over because tell me why it took me over an hour to buy a single bag of items, Long posted in a TikTok video earlier this month that snagged over 3.5 million views before she took it down.

Apparently now my Target locks away essential items, she said, adding that her body wash, deodorant, and razors were bolted up tight.

As her camera panned to the rows of items behind a glass container, Long added: Behold the dystopian nightmare that is my Target.

Reporters from the investigative outlet Inside Edition went shopping at five New York-area Targets to see just how long it takes to get employee assistance to retrieve products locked behind anti-theft cases.

In an aisle stocked with vitamins at a Target store in Manhattan, Inside Edition journalist Lisa Guerrero said she waited 10.5 minutes for an employee to unlock the anti-theft barrier. She had to ask for assistance three times and wait seven minutes before a Target staffer showed up.

And then their key didnt even work, Guerrero said, who had to wait even longer for the staffer to fetch the correct key before she could fetch a tube of toothpaste of the shelf.

Crime-battered Target said earlier this year that expected to suffer as much as a $1.3 billion hit to its bottom line because of theft and organized crime.

The “cheap-chic” discount chain said its profit will be squeezed by $500 million more than what we saw last year when the company lost as much as $800 million from inventory shrink. 

While there are many potential sources of inventory shrink, theft and organized retail crime are increasingly important drivers of the issue, the company said. We are making significant investments in strategies to prevent this from happening in our stores.

Inventory shrink is an industry term that refers to fewer products being on its shelves than whats reported in its inventory catalog.

Theres no nationwide policy on how to deal with shoplifting, though many employers have encouraged staffers to do nothing at all in an effort to keep them out of harms way.

Lululemon made headlines this summer when it fired two staffers for failing to abide by the yoga wear retailer’s “zero-tolerance policy for intervening with a robbery.

One of the axed workers, Jennifer Ferguson, said that once a robbery occurs, employees are instructed to scan a QR code. And thats that. Weve been told not to put it in any notes, because that might scare other people. Were not supposed to call the police, not really supposed to talk about it.

A viral video showed the shoplifting incident that got Ferguson fired, where three masked men blatantly robbed an Atlanta-area Lululemon store.

Wearing sweatshirts with the hoods pulled over their heads, they were recorded swiping Lululemons high-priced athletic wear from tables and displays.

The looters who had allegedly struck the store nearly a dozen times prior momentarily stood in the store doorway and stared at the women before jumping back inside to snatch several more pairs of leggings.

Seriously? Get out, Ferguson is heard frustratingly shouting at the robbers, who make a beeline out of the store.

Thieves also had repeatedly targeted a Lululemon store in upper Manhattan on Broadway across the street from Columbia University in 2021. Between Jan. 2 and Jan. 17 they stole a total of $5,376 in merchandise, police said.

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US Supreme Court will not review IRS case involving Coinbase user data

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US Supreme Court will not review IRS case involving Coinbase user data

US Supreme Court will not review IRS case involving Coinbase user data

A lower court ruling will stand in a case involving a Coinbase user who filed a lawsuit against the IRS after the crypto exchange turned over transaction data.

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Environment

Solar and wind industry faces up to $7 billion tax hike under Trump’s big bill, trade group says

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Solar and wind industry faces up to  billion tax hike under Trump's big bill, trade group says

Witthaya Prasongsin | Moment | Getty Images

Senate Republicans are threatening to hike taxes on clean energy projects and abruptly phase out credits that have supported the industry’s expansion in the latest version of President Donald Trump‘s big spending bill.

The measures, if enacted, would jeopardize hundreds of thousands of construction jobs, hurt the electric grid, and potentially raise electricity prices for consumers, trade groups warn.

The Senate GOP released a draft of the massive domestic spending bill over the weekend that imposes a new tax on renewable energy projects if they source components from foreign entities of concern, which basically means China. The bill also phases out the two most important tax credits for wind and solar power projects that enter service after 2027.

Republicans are racing to pass Trump’s domestic spending legislation by a self-imposed Friday deadline. The Senate is voting Monday on amendments to the latest version of the bill.

The tax on wind and solar projects surprised the renewable energy industry and feels punitive, said John Hensley, senior vice president for market analysis at the American Clean Power Association. It would increase the industry’s burden by an estimated $4 billion to $7 billion, he said.

“At the end of the day, it’s a new tax in a package that is designed to reduce the tax burden of companies across the American economy,” Hensley said. The tax hits any wind and solar project that enters service after 2027 and exceeds certain thresholds for how many components are sourced from China.

This combined with the abrupt elimination of the investment tax credit and electricity production tax credit after 2027 threatens to eliminate 300 gigawatts of wind and solar projects over the next 10 years, which is equivalent to about $450 billion worth of infrastructure investment, Hensley said.

“It is going to take a huge chunk of the development pipeline and either eliminate it completely or certainly push it down the road,” Hensley said. This will increase electricity prices for consumers and potentially strain the electric grid, he said.

The construction industry has warned that nearly 2 million jobs in the building trades are at risk if the energy tax credits are terminated and other measures in budget bill are implemented. Those credits have supported a boom in clean power installations and clean technology manufacturing.

“If enacted, this stands to be the biggest job-killing bill in the history of this country,” said Sean McGarvey, president of North America’s Building Trades Unions, in a statement. “Simply put, it is the equivalent of terminating more than 1,000 Keystone XL pipeline projects.”

The Senate legislation is moving toward a “worst case outcome for solar and wind,” Morgan Stanley analyst Andrew Percoco told clients in a Sunday note.

Shares of NextEra Energy, the largest renewable developer in the U.S., fell 2%. Solar stocks Array Technologies fell 8%, Enphase lost nearly 2% and Nextracker tumbled 5%.

Trump’s former advisor Elon Musk slammed the Senate legislation over the weekend.

“The latest Senate draft bill will destroy millions of jobs in America and cause immense strategic harm to our country,” The Tesla CEO posted on X. “Utterly insane and destructive. It gives handouts to industries of the past while severely damaging industries of the future.”

Catch up on the latest energy news from CNBC Pro:

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Nissan is in crisis mode as job cuts begin and suppliers are caught in the crosshairs

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Nissan is in crisis mode as job cuts begin and suppliers are caught in the crosshairs

Is Nissan raising the red flag? Nissan is cutting about 15% of its workforce and is now asking suppliers for more time to make payments.

Nissan starts job cuts, asks supplier to delay payments

As part of its recovery plan, Nissan announced in May that it plans to cut 20,000 jobs, or around 15% of its global workforce. It’s also closing several factories to free up cash and reduce costs.

Nissan said it will begin talks with employees at its Sunderland plant in the UK this week about voluntary retirement opportunities. The company is aiming to lay off around 250 workers.

The Sunderland plant is the largest employer in the city with around 6,000 workers and is critical piece to Nissan’s comeback. Nissan will build its next-gen electric vehicles at the facility, including the new LEAF, Juke, and Qashqai.

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According to several emails and company documents (via Reuters), Nissan is also working with its suppliers to for more time to make payments.

Nissan-delays-supplier-payments
The new Nissan LEAF (Source: Nissan)

“They could choose to be paid immediately or opt for a later payment,” Nissan said. The company explained in a statement to Reuters that it had incentivized some of its suppliers in Europe and the UK to accept more flexible payment terms, at no extra cost.

The emails show that the move would free up cash for the first quarter (April to June), similar to its request before the end of the financial year.

Nissan-delays-supplier-payments
Nissan N7 electric sedan (Source: Dongfeng Nissan)

One employee said in an email to co-workers that Nissan was asking suppliers “again” to delay payments. The emails, viewed by Reuters, were exchanged between Nissan workers in Europe and the United Kingdom.

Nissan is taking immediate action as part of its recovery plan, aiming to turn things around, the company said in a statement.

Nissan-Micra-EV
The new Nissan Micra EV (Source: Nissan)

“While we are taking these actions, we aim for sufficient liquidity to weather the costs of the turnaround actions and redeem bond maturities,” the company said.

Nissan didn’t comment on the internal discussions, but the emails did reveal it gave suppliers two options. They could either delay payments at a higher interest rate, or HSBC would make the payment, and Nissan would repay the bank with interest.

Nissan-delays-supplier-payments
Nissan’s upcoming lineup for the US, including the new LEAF EV and “Adventure Focused” SUV (Source: Nissan)

The company had 2.2 trillion yen ($15.2 billion) in cash and equivalents at the end of March, but it has around 700 billion yen ($4.9 billion) in debt that’s due later this year.

As part of Re:Nissan, the Japanese automaker’s recovery plan, Nissan looks to cut costs by 250 billion yen. By fiscal year 2026, it plans to return to profitability.

Electrek’s Take

With an aging vehicle lineup and a wave of new low-cost rivals from China, like BYD, Nissan is quickly falling behind.

Nissan is launching several new electric and hybrid vehicles over the next few years, including the next-gen LEAF, which is expected to help boost sales.

In China, the world’s largest EV market, Nissan’s first dedicated electric sedan, the N7, is off to a hot start with over 20,000 orders in 50 days.

The N7 will play a role in Nissan’s recovery efforts as it plans to export it to overseas markets. It will be one of nine new energy vehicles, including EVs and PHEVs, that Nissan plans to launch in China.

Can Nissan turn things around? Or will it continue falling behind the pack? Let us know your thoughts in the comments below.

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