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July 09, 2013

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Kroger buys Harris Teeter grocery chain for $2.4 Billion.  The nation's largest grocery store chain is getting even bigger. Kroger Co. said Tuesday it is buying Harris Teeter Supermarkets in a $2.4 billion deal, which will increase by three the number of states it operates in to 34. The deal will be the fourth-largest acquisition of a North American food retailer the past decade. It also would be Kroger's biggest takeover since 1998, when it bought Fred Meyer for more than $12 billion, according to financial media giant Bloomberg. Shares of Kroger jumped 2.7% to $37.17 in morning trading. Harris Teeter shares were up 1.3% to $49.14. Kroger will pay $49.38 each for Harris Teeter shares, 2% above their Monday close and 33.7% higher than the Jan. 18. closing price, when the company disclosed it was evaluating strategic alternative. After the deal closes, Harris Teeter will continue to operate its stores as a subsidiary of Kroger, which will then have 9% market share nationwide. (Source reuters.com)

Barnes & Noble CEO Resigns, Cause for Restructured Leadership Team  CEO and director, William Lynch has resigned, effective immediately, from the company.  The retailer appointed Michael P. Huseby as CEO of Nook Media and president of Barnes & Noble. Other leadership changes have taken place, as well, from the resignation: Max Roberts, CEO of Barnes & Noble College will lead the digital education strategy and report to Huseby, along with the executive management team of Nook Media. Huseby and Mitchell Kipper, CEO of Barnes & Noble Retail Group, will report to Leonard Riggio, executive chairman of Barnes & Noble. Allen Lindstrom, VP and corporate controller, has been promoted to CFO of the company, and will report to Huseby. Kanuj Malhotra, VP of corporate development, has also been promoted, CFO of Nook Media. (Source retailingtoday.com)

Jones Group Said to Be Weighing Sale Options
Jones Group Inc., owner of Jones New York and Nine West fashion brands, is said to be working with Citigroup Inc. to examine options on a sale of all or part of the company. Back in April, the company announced shutting down 170 of its stores and cut 8% of its workforce. The company had generated more than $1 billion in sales in the first quarter, and as of July 5, the New York-based Jones Group had a market value of $1.2 billion. (Source crainsnewyork.com)

Shaw’s plans six New England store closings by August 3rd.  Shaw’s plans to close six stores operating under its namesake banner by Aug. 3. The locations targeted for shuttering include four stores in the Massachusetts towns of Fall River, Fairhaven, Stoughton, and Taunton and two stores in the Rhode Island towns of Westerly and Woonsocket. “The stores identified have not been profitable for quite some time, and despite the best efforts of the company and our associates, we have not been able to reposition them to better compete in the marketplace and don’t anticipate being able to change this trend,” stated a Shaw’s press release. Shaw’s operates 155 Shaw’s stores and 14 Star Market stores in New England. (Source boston.com)

LVMH Acquires Cashmere Clothier Loro Piana for $2.6 Billion.  LVMH Moet Hennessy Louis Vuitton SA agreed to pay 2 billion euros ($2.57 billion) for 80 percent of Italian cashmere clothier Loro Piana SpA, adding a high-quality textile producer to its burgeoning portfolio of luxury brands. The transaction, which is subject to approval by competition authorities, values Quarona, Italy-based Loro Piana at 2.7 billion euros, LVMH said yesterday in a statement after the market closed. The family owners of the maker of $1,385 cashmere sweaters will retain a 20 percent stake in the business, Paris-based LVMH said. (Source cbsnews.com)

Adidas trademark case in Russia rejected.
InterShoes in a manufacture of sports shoes based in Moscow, possibly giving them the home court advantage over giant Adidas in a Russian Supreme Court. InterShoes stated that its four diagonal stripes are clearly different to the famed Adidas shoes which have three stripes. Adidas sought to prohibit the defendants from using the Adidas trademark on products sold by Lenta outlets, including on labels and packaging.
(Source rapsinews.com)

Target to open 20 more Canadian stores in the next few weeks.  Target plans to open the doors to an additional 20 stores in Canada between July 16 and July 30. The stores will be located in British Columbia, Alberta, Saskatchewan and Ontario. The openings mark Target’s first openings in Saskatchewan and follow the unveiling of 48 stores across Canada earlier this year. The new 20 locations officially push Target past the halfway mark for store openings this year. The retailer plans to open 124 stores across Canada throughout 2013. (Source cbc.ca)

Sprint completes its acquisition of Clearwire.
Third-place carrier gobbles up Clearwire for $5 per share. Sprint has completed its acquisition of Clearwire, the U.S. carrier has announced. Sprint, which already held a majority stake in Clearwire, and is itself to be acquired by Japan's SoftBank, said in a press release today that it had purchased the company for $5 per share. As such, SoftBank will walk away with both Sprint and 100 percent of Clearwire when that transaction closes, something which is expected to occur tomorrow. Today's news follows an aborted attempt by Dish Network to buy both Sprint and Clearwire — Dish abandoned its acquisition plans in mid-June.
(Source huffingtonpost.com)

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Retail Crime News
 
Saginaw Couple faces Robbery Charges in Four Counties  Eric Kjellen and Megan Perkins face robbery or retail fraud charges in four different counties. The pair are charged with four counts of organized retail crime in Saginaw County, and are considered to be the suspects in a number of thefts reported at businesses in Kochville and Thomas townships, and Bay, Midland and Genesee counties. Saginaw County sheriff said in the incidents the man stole 'high-end electronics or tools' or other products, exited the store and got into a orange Honda Element driven by a woman. The duo was arrested on June 3 after deputies set up a watch in Saginaw County to catch the spotted getaway vehicle as it came back into the county.  A deputy eventually performed a traffic stop on the car and the pair were arrested. (Source mlive.com)

Scranton CVS robbed for a second time in a week.  For the second time in a week, a man with a gun entered the CVS in Scranton on Monday and ordered a pharmacist to fill a bag with painkillers. Two men fully covered in black entered the CVS at about 2:15 a.m., ordered the staff to the pharmacy and demanded OxyContin, Dilaudid and a few other random bottles of prescription drugs. The robbery was similar to another at the same store a week ago, which itself reminded police of a similar robbery in 2012. (Source wnep.com)

Collinsville Police investigating an attempted robbery at Walmart.  Police in Illinois are investigating an apparent attempt by thieves to rob the Collinsville Walmart. Walmart Associates heard noises coming from the roof of the store at about 3:30 a.m. Monday and called authorities. Officers discovered a hatch on the roof had been opened. They later found evidence that someone had attempted to cut through the ceiling above a room where money is kept. (Source kplr11.com)

Two arrested, linked to $250,000 in commercial burglaries.  After a rash of commercial burglaries, Visalia police arrested two men last week that they say are responsible for stealing more than $250,000 in copper wire and metal. Detectives with the Visalia Property Crimes Unit also linked the men to a previous metal and wire theft case in April that took place at the old Vons store. Police say the men, both of Visalia, are also responsible for commercial burglaries that took place at the former Staple store on Mooney and the former Long’s Drugs store on Mooney. Police estimated the total loss at more than $268,000. (Source abclocal.go.com)

Huntsville Police arrest 1 of 3 offenders in Dollar General burglary.  Officers arrested a 16-year-old boy during a burglary at Dollar General Market on Blue Spring Road Monday. Officers responded to an alarm at the store minutes after 5 a.m. and saw two offenders running out through a broken glass door. Officers were able to apprehend the 16-year-old and later charged him with burglary. Police said security cameras showed three offenders committing the burglary. Two still remain at large. (Source waff.com)

Cargo Theft case opens in Federal Court in Billings, Montana; 136 firearms stolen from a Conway Freight yard.  The theft is believed to be the largest heist of firearms in state history. Two Billings men accused in the theft of 136 firearms from a freight trailer at Conway Freight in Billings went on trial before a jury Monday in U.S. District Court. The case began Aug. 3, 2010, with a burglary at Conway Freight, 901 Fourth Ave. N., and the theft of 136 firearms from one of nine trailers that had been broken into. The firearms, all new, included 113 handguns, 20 rifles and three shotguns and were in transit from a company named MT Sports, which is a wholesale federal firearms licensee in Billings. The firearms’ serial numbers were entered into a law enforcement database, and so far, 21 of the guns have turned up in California or Mexico. (Source billingsgazette.com)

Two shoplifters hit 8 different stores in the Mebane Tanger Outlets.  Two North Carolina suspects were arrested on theft charges and may face additional charges for enticing their 7 and 9 year old daughters to participate in the shoplifting spree. The suspects clearly moved from store to store, stealing items from 8 different stores in the Outlet. The value of the items stolen included $274 from Carter’s, $100 from Osh Kosh, $106 from Gap, $270 from Sunglass Hut, $104 from Gymboree, $41 from Papaya, $136 from rue21, $136 from Nike and $120 from Skechers. (Source digtriad.com)

KFC armed robber shot and killed by Louisville police.  A suspect was shot and killed by a Louisville Metro Police officer after an armed robbery at the Kentucky Fried Chicken restaurant on Bardstown Road in Fern Creek. Police were called out to the KFC when a hold up alarm sounded and when they arrived on scene, officers said they noticed the drive-thru window was busted. Officers said they entered the restaurant where they found the suspect holding a gun and hostages tie up. SWAT was called in, but before they arrived the suspect took one of the hostages and fled the scene. The hostage got away from the suspect and a foot chase ensued. Police said the suspect led officers from the restaurant through a wooded area behind the 9100 block of Beulah Church Road. That is when police said the suspect pulled out a gun and began firing at officers. One of the pursuing officer returned fire, hitting the suspect. LMPD Chief Steve Conrad said they believe the officer's shot was the one that killed the suspect, but the investigation is not complete. (Source wave3.com)

Beall’s Loss Prevention agent injured during scuffle with transient shoplifter in Florida.  Pinellas County Sheriff’s arrest a transient man for shoplifting and additional charges will be filled after the suspect dislocated the shoulder of a Loss Prevention agent. The man first appeared to be cooperative during the stop then fought when the agent attempted to handcuff the suspect. A second suspect was also arrested for theft and believed to a friend of the transient man. (Source privateofficernews.com)

Connecticut woman punches Big Y Loss Prevention agent in the face.  Nicole Hulett, 22 now faces charges of third-degree robbery, third-degree assault, breach of peace, sixth-degree larceny and possession and use of drug paraphernalia. When Hulett was confronted by a store Loss Prevention Representative, she allegedly punched the employee in the face, cutting his lip. (Source nbcconnecticut.com)

 

Press Release
 

Edge Information Management, Inc. Welcomes Brenda Lawrence as Drug Screening Supervisor for their local Melbourne, Florida Collection Site.

Laurence will be a great addition to Edge’s Melbourne collection site and their entire Drug Screening Department.


MELBOURNE, FL – July 1, 2013 – Edge Information Management, Inc., a prominent provider of employment and drug screening services, is excited to announce Brenda Lawrence as the Drug Screening Supervisor for Edge’s Drug Screening Department and their Melbourne, Florida collection site, as it continues to expand.

With 13 years of active involvement in the drug screening industry, Brenda Lawrence will be a valuable asset to Edge’s drug screening department. By providing her vast knowledge of the industry, latest trends and regulations, Lawrence will help Edge continue to deliver the high level of service that their clients have come to expect. Lawrence’s experience in the drug testing field has made her an expert in her own right. From assisting clients with Department of Transportation audits and random testing programs, to helping companies write their drug-free workplace policy, Lawrence is accessible and ready to help businesses, of all sizes, streamline their drug testing programs.

“We are very excited to have Brenda join the Edge team. Her industry knowledge and attitude will help us sustain the continued growth Edge has experienced in the last few years.” Norm Gagnon, Vice President of Compliance & Operations commented. “Brenda’s sincere desire to provide various solutions and educational resources to all current and future clients will solidify Edge’s commitment to exceptional service.”

Brenda Lawrence is an active member of the Drug & Alcohol Testing Industry Association (DATIA), the Substance Abuse Programs Administrators Association (SAPAA), a Certified Professional Collector Trainer (CPCT), and a Certified Professional Collector (CPC).

About Edge Information Management, Inc.
Edge Information Management, Inc., incorporated in 1991, is a national provider of numerous employment screening solutions including; criminal background checks, drug screening services, electronic I-9 management, employment, education and other credential verifications. Edge is a founding member of the National Association of Professional Background Screeners (NAPBS) and is also accredited by NAPBS, a member of the National Retail Federation (NRF) and the Society for Human Resource Management (SHRM), the Substance Abuse Program Administrators Association (SAPPA), the Drug and Alcohol Testing Industry Association (DATIA), the preferred provider for the Employer’s Association Forum (EAF), a Service Corp member for the Florida Health Care Association (FHCA) and a member of the HR Florida organization (HR FL). For more information, visit http://www.edgeinformation.com.

 
ORC News
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National and State Law Enforcement agencies create ORC taskforce in Florida.  South Florida has become a mecca for shoplifting. So much so that federal and local law enforcement agencies have joined forces to deal with organized retail crime. On Tuesday members of the task force showed off thousands of dollars in recovered goods. They said shoplifting has become a structured, big business for organized crime. “We have seen instances where rings drop off individuals at various stores, transport them from store to store to store, where they steal merchandise which is collected at the end of the day. It is then passed off to a ‘fence’ to be resold,” said Special Agent Alysa Erichs with the U.S. Immigration and Customs Enforcement’s (ICE) Homeland Security Investigations. In Florida alone, the state loses an estimated $150 million in sales tax to shoplifting. (Source local10.com)

Two arrested in burglary of the Polo Ralph Lauren store in Barstow, California.  When Barstow Police apprehended two suspects near I-15, they discovered the men had $3750 worth of stolen merchandise in the vehicle. Police confirmed that nearly $650 worth of the merchandise came from the Polo Ralph Lauren Outlet store, but are wondering how far the suspects traveled during their crime spree. Authorities also found inside the vehicle luggage and shopping bags coated with material intended to skirt retail security. (Source desertdispatch.com)

One Suspect charged, Exton Police seeking second suspect in Walmart thefts. Police continue to gather information on the whereabouts of Samuel Sizmore wanted for multiple thefts from the Exton Walmart. Police said Sizemore and Tyler Jones walked into the store on June 23 and walked out with $472 worth of unpaid merchandise. The duo then returned and returned $173 worth of merchandise for store credit. The next day the two arrived at the store again. On that occasion both men walked out of the store with about $290 worth of unpaid merchandise. Jones was arrested at the store. (Source dailylocal.com)

Illinois ‘Crew’ being sought for the theft of $6000 of electronics from Walmart.  Police in Marshall, Illinois are seeking the identity of two suspects believe to have committed multiple thefts of electronics merchandise at two area Walmart stores. On March 13, Marshall Police were informed that the two had stolen over $2000 worth of merchandise. A theft reported from the Robinson Walmart is believed to the same suspects. (Source wthitv.com)

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