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A CVS store manager was killed on the job by a man suspected of shoplifting, police say — the latest example of a US retail theft epidemic that is becoming increasingly deadly.

Michael Jacobs, 49 — an operations manager at CVS Pharmacy in Mesa, Ariz., where he had worked for the past 20-plus years — was shot and killed allegedly by Jared Sevey in the evening hours of Sept. 7, according to KKTV 11 News.

Sevey, 39, was reportedly inside the Arizona CVS location earlier that day, arguing with Jacobs about shoplifting, KKTV reported. After the conflict, Sevey went home to get a gun.

Sevey admitted to police that he shot Jacobs because he was “tired of being bullied,” and “this was the last straw,” according to the news outlet.

The Post has sought comment from CVS, which has already resorted to installing built-in locks on freezer doors and putting padlocks around necessities like deodorant and toothbrushes at its locations in major US cities.

Jacobs left behind two children and his wife of 23 years, Stacy. Jacobs’ family has started a GoFundMe page, saying that “CVS has not even reached out to us to discuss medical expenses along with funeral expenses.” The GoFundMe has already collected over 200 donations totaling $15,402.

It’s the latest incident in a lethal trend. In April, a 26-year-old Home Depot employee was fatally shot after confronting a woman attempting to steal from the home improvement retailer’s Pleasanton store, located in the San Francisco Bay Area, according to KKTV.

Just days earlier, a pregnant shoplifter at a Walgreens in Nashville was shot by a staffer following a confrontation over stolen merchandise that resulted in an exchange of Mace and bullets. The wounded mother-to-be was rushed to the hospital, where doctors performed an emergency C-section, saving the baby and 24-year-old mother’s life.

The Walgreens worker was later charged by the Davidson County District Attorneys Office with aggravated assault, but a grand jury declined to indict him earlier this week. The new mother, meanwhile, was indicted for theft and assault.  

Representatives for Home Depot and Walgreens didn’t immediately respond to The Post’s request for comment.

Stories of seemingly consequence-free shoplifting are everywhere: There’s an epidemic of drugstore thefts in New York, and a landmark grocery store in Baltimore shut its doors after nearly 25 years after a community desperate for fresh food resorted to simply stealing it.

Experts have blamed the surge on lax policies — including the passage of Prop 47 in California, which reduced theft from a potential felony to a misdemeanor — as well as calls to defund the police in 2020 following the murder of George Floyd, which resulted in a mass exodus of cops nationwide.

In New York City, dubbed a “shoplifter’s paradise” by some fed-up local politicians, Manhattan District Attorney Alvin Bragg has faced blowback over his not requesting bail for some repeat shoplifting suspects. Bragg also has refused to bust thieves unless they pilfer items exceeding $1,000 in value, which is when theft becomes a felony.

A furor erupted in July after CVS worker Scotty Enoe, 46, fatally knifed Charles Brito after the 50-year-old serial thief punched him. Can Alvin Bragg maybe help with that?” fumed City Council Minority Leader Joe Borelli (R-Staten Island). “He just chooses not to prosecute and we end up with vigilante justice.”

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

Lululemon became notorious for its hands-off policy after the athletic gear company axed two employees who called the police while three masked men robbed a Georgia outpost.

The company cited its zero-tolerance policy for intervening in a robbery as a reason for firing the workers, whom Lululemon refers to as “educators.”

A Walmart in Atlanta, meanwhile, will be installing a police workspace inside the store when it opens in May. The grocery store and pharmacy previously closed after it was set on fire by suspected arsonists.

The shoplifting epidemic cost retailers nearly $100 billion in 2021, and the number of shoplifting complaints surged to more than 63,000 last year — a 45% jump over the roughly 45,000 reported in 2021 and a nearly 275% jump compared to the mid-2000s, police statistics show.

Now, Bragg in New York is reportedly working to snuff out shoplifting by going after repeat offenders. Part of his plan includes focused deterrence, meaning pre-trial detention will be requested for accused thieves who have prior felony convictions, multiple open cases and a history of skipping out on court dates.

New York also has implemented an initiative dubbed the Merchants Business Improvement Program, which allows business owners to get restraining orders against suspects who repeatedly come into their stores and steal or harass workers, officials said last month.

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John Deaton files amicus brief in support of Coinbase appeal against SEC

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John Deaton files amicus brief in support of Coinbase appeal against SEC

The lawyer said he had filed a brief on behalf of 4,701 Coinbase customers for no charge as part of his advocacy work in the crypto space.

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Snap shares rocket 28% after company reports unexpected profit, better-than-expected revenue

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Snap shares rocket 28% after company reports unexpected profit, better-than-expected revenue

A view of the atmosphere during the Snap Partner Summit 2023 at Barker Hangar on April 19, 2023 in Santa Monica, California. 

Joe Scarnici | Getty Images Entertainment | Getty Images

Snap shares surged 28% on Friday after the company surprised Wall Street by showing a profit and reported sales and user numbers that exceeded analysts’ estimates.

The stock climbed $3.15 to close at $14.55, its biggest percentage gain since 2022. Even after the rally, the stock is down 14% for the year due to a 31% plunge in February.

Revenue in the first quarter increased 21% to $1.19 billion from $989 million a year earlier, topping analysts’ estimates for sales of $1.12 billion, according to LSEG.

The company reported adjusted earnings per share of 3 cents, while analysts were expecting a 5-cent loss. Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) was $46 million, compared to analysts’ expectations for a loss of $68 million.

Snap said adjusted EBITDA “exceeded our expectations” and was primarily driven by operating expense discipline, as well as accelerating revenue growth.

Snap has been working to rebuild its advertising business after the digital ad market stumbled in 2022. Its investments are starting to pay off. The company said in its investor letter that revenue growth was primarily driven by improvements in the advertising platform, as well as demand for its direct-response advertising solutions. 

“I think more broadly, we saw a much more robust brand environment, which played out in all of our regions in Q1,” CFO Derek Andersen said on the earnings call.

User growth was also better than expected. Snap reported 422 million daily active users (DAUs) in the first quarter, up 10% year over year and topping the average analyst estimate of 420 million, according to StreetAccount.

In February, Snap announced it would lay off 10% of its global workforce, or around 500 employees. The company said Thursday that headcount and personnel costs will “grow modestly” through the rest of the year. 

Advertising revenue came in at $1.11 billion in the first quarter. Snap’s “Other Revenue” category, which is primarily driven by Snapchat+ subscribers, reached $87 million, an increase of 194% year over year. Snap reported more than 9 million Snapchat+ subscribers for the period.

Though Snap’s growth was its fastest since March 2022, it still fell behind that of Meta, which reported 27% growth in its better-than-expected first-quarter results on Wednesday. Meta shares plunged anyway after the company issued a light forecast and spooked investors with talk of its long-term investments.

For the second quarter, Snap expects to report revenue between $1.23 billion and $1.26 billion, up from the $1.22 billion expected by analysts, according to StreetAccount.

WATCH: Watch CNBC’s full interview with Snap CEO Evan Spiegel

Watch CNBC's full interview with Snap CEO Evan Spiegel

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EU DeFi regulations set to welcome big banks, challenge crypto natives

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EU DeFi regulations set to welcome big banks, challenge crypto natives

New rules under the MiCA framework may encourage big banks to enter the DeFi space, potentially complicating compliance for native crypto projects.

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