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Author Name: Alec Muffett
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CEOs of Target, Best Buy, CVS and other retail chains ask Congress for help amid crime surge

2021-12-09 00:00:00

New York (CNNBusiness) The CEOs of Target (TGT), Best Buy (BBY), Nordstrom (JWN), Home Depot (HD) and CVS (CVS) are among a group of 20 retail leaders who sent a letter Thursday to Congress expressing their concern over a recent wave of brazen store robberies in major US cities and urged lawmakers to take action.

The group called on Congress to pass legislation that would deter criminals from being able to easily resell stolen merchandise, specifically online.

"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," said the letter, sent by the Retail Industry Leaders Association (RILA).

Criminals are "capitalizing on the anonymity of the Internet and the failure of certain marketplaces to verify their sellers," the retailers said. As a result, retailers are a target for increasing theft.

Dollar General DG Levi Strauss LEVI Kroger Co KR "In the current environment, criminal networks and unscrupulous businesses have exploited a system that protects their anonymity to sell unsafe, stolen or counterfeit products with little legal recourse," the RILA letter added, which was also signed by the CEOs of. and Footlocker.

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[1] URL: https://edition.cnn.com/2021/12/09/business/retail-ceos-letter-to-congress-crime/index.html
[2] URL: https://creativecommons.org/licenses/by-sa/3.0/

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