Gorman of Destin, Florida has passed away.
most known for
his position as VP of Loss Prevention for
Wal-Mart, which he held from 1983-2002. David
served in the United States Marine Corps from
1966 to 1969. He was a Vietnam veteran and was
awarded two Purple Hearts for wounds received in
action. He attended Southern Illinois University
in Edwardsville, IL, and graduated in 1972 with a BBA.
David began his retail career in 1973, when he was hired
by Venture Stores, Inc., a division of the May Company.
He spent seven years with the company, serving as the
Director of Shortage Control and Inventory
After Venture Stores, David spent the next 21 and a half
years at Wal-Mart Stores, Inc. His first position there
was as Director of Internal Audit. In 1983 he was
promoted to Vice President of Loss Prevention.
Upon his retirement from Wal-Mart, David became a Retail
Consultant for Honeywell, Inc., where he worked with the
VP of Strategic Accounts to develop sales opportunities
for the security portfolio. In 2002 he founded David
Gorman & Associates, where he was President and CEO. The
organization was founded "to help retailers and
suppliers enhance earnings and sales through improved
performance." For the past two years, David held the
position of EVP and COO of VuIT Communications.
David was a member of the LP Committee for the Retail
Industry Leaders Association (RILA), a position he held
for 19 years. He was also a member of the Retail LP
Council for ASIS International for 10 years and a Board
Member for Radlo Foods for eight years.
We at the Daily would like to take the time to express
how saddened we are by this loss to the LP community.
David had a large impact on the Loss Prevention field
and was a great inspiration to all of us.
Abercrombie & Fitch Q1 Profit Tumbles amid weak European
sales. Early morning trading
showed ANF dropping nearly 10 %. Abercrombie reported
net income for the quarter of $3.0 million compared to
net income of $25.1 million or 28 cents per share for
the same time last year. The worst results came at
Abercrombie kids, which reported comparable store sales
decreased 11 percent. The company’s namesake Abercrombie
& Fitch chain reported comparable store sales decreased
4 percent, and Hollister Co. reported a decrease of 5
JC Penney stands behind the new strategy, comps and
earnings fall in first Quarter.
For the first quarter, the company reported an adjusted
net loss of $55 million and same store sales for the
first quarter declined 18.9%, Total sales decreased
20.1%. Additionally, the company announced today that it
will discontinue the 20 cents per share quarterly
dividend. On an annual basis, this will result in cash
savings of approximately $175 million, which will be
used to help fund the broad-based transformation plan
that JC Penney announced in January. (source
T-Mobile cuts 900 jobs. CEO
called for some changes a few months ago and layoffs
were part of the plan. T-Mobile said reducing costs
through layoffs and outsourcing could better position
T-Mobile for another merger attempt or improve its
balance sheet for presentation to potential investors. (source
New video game title releases may be Christmas in
springtime for some retailers.
GameStop, Best Buy, Walmart all count on the quick boost
in sales of new releases, three long awaited titles hit
the shelves and are expected to sell over 8 million
copies this year. Max Payne, Rockstar and Diablo III,
have all arrived to help a struggling video game
industry where sales had dropped 32% in April. (source
Walmart going solar in Massachusetts.
Walmart plans to install solar panels on
about half of its stores in Massachusetts, making it the
largest user of solar power in the state. Walmart is
partnering with Greenskies Renewable Energy LLC,
Middletown, Conn., on the project, which involves 27
Newark Airport Security Supervisor lived under a false
identity for the last 20 years.
Bimbo Olumuyiwa Oyewole is charged with using the
identity of Jerry Thomas, a petty criminal who was shot
outside a suburban New York YMCA in July 1992. Thomas’
murder remains unsolved, but an investigation of records
indicates that Oyewole began using Thomas’ birth
certificate and Social Security number three weeks
before Thomas’ murder. Oyewole worked under several
contractors at the airport, most recently FJC Security
Services, and supervised about 30 guards. FJC Security
is a private company responsible for overseeing
screening areas and cargo checkpoints. The agency said
its investigation found no indication that he used the
fake identity for any reason other than to live in the
United States. (source
Yakima, Washington Police bring back a retired officer
to assist with shoplifting focus.
Preston Brown, 72, retired last year from the Yakima
Police department. Now he is back, at no cost to the
department, assuming the position of liaison between
local retailers and Police. (source
Utah technology director resigns in wake of data theft
at state health department.
Utah’s chief technology officer has resigned following
the theft of hundreds of thousands of online medical
records from state computers by unknown hackers. Last
month, hackers stole personal information of about
780,000 Medicaid recipients and participants in the
Children’s Health Insurance Program, including the
Social Security numbers of about 280,000 of them. (source
Kohl’s Sale pricing policy under fire by a consumer
reporter. When is a sale price
really a sale price? Several examples of items being
marked up then placed on sale. Vicki Shamion, Kohl's
Senior Vice President of Public and Community Relations
told the Problem Solvers, "Price increases at Kohl's are
not common; however, the unprecedented increases in the
cost of certain commodities such as cotton over the past
24 months have caused us to take these actions." (source
California woman gets 5-Year prison term in phishing
conviction. A woman arrested
by federal investigators in a takedown of a phishing
scheme has been sentenced to five years in federal
prison. The conviction stemmed from Operation Phish Phry,
a massive operation that has led to nearly 50
convictions in Los Angeles. "Operation Phish Phry," was
a multi-national probe that led to charges against 100
people. Victims were customers of Wells Fargo and Bank
of America. (source
Diamond still inside man who swallowed it.
An X-ray shows a man who swallowed a $20,000 diamond
still has the stone in his body, police say. A man
walked into Precision Jewellers in Windsor, Ontario, on
May 10 and allegedly swallowed the diamond. Richard
Mackenzie Matthews, 52, has been held in a cell without
a toilet since allegedly swallowing a 1.7 carat diamond.
"The X-rays turned up a couple of stones that are more
than likely the (diamond) that is still there," Sgt.
Brett Corey said in a press conference. Though Matthews
has had a bowl movement since being taken into custody,
the gem has not followed suit, police said. Matthews has
been charged with theft and breach of court conditions.
If police obtain the diamond, he will likely also be
charged with possession of stolen property. "We’re still
waiting him out, but at this point, we don’t have
anything to show for it," Corey said. (source
Shoplifter steals a guitar by hiding it in his pants.
Sometimes you just have to stop and wonder. Police are
seeking the identity of a suspect who is believed to
have stolen a guitar by placing it into his pants and
walking out of a music store. The thief was assisted by
an accomplice who distracted the clerk. (source
'Mom of the Year' being sought for shoplifting with her
small child at Target in Milton, Georgia.
Police are seeking the identity of the female suspect,
and believe she is a repeat offender at this location. (source