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October 16, 2012 SUBSCRIBE

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The Gap announces management overhaul aimed at enabling the retailer to respond more quickly to customers needs across the globe. The change will put the North American, international, online, outlet and franchise divisions under a single global executive for each of its brands — Gap, Banana Republic and Old Navy. Gap Inc. operates more than 3,200 stores in more than 40 countries, up from eight countries in 2006. (Source Associated Press)

Check fraud costs financial institutions nearly $900 million annually with the majority of it being organized crime groups with the leading causes being counterfeit checks, returned deposit items and forgeries. Sixty-eight percent of community institutions and 95% of mid-sized institutions are victimized each year. Today, it is common to find fraudsters working together across multiple channels and business lines. They work in sophisticated rings, establishing what appear to be credible relationships across a network of institutions and across various lines of business. When they do attack, they exploit numerous channels including check, ACH, wire, online bill payment, cards and online account-to-account transfers. (Source

Yahoo CEO raids Google - her former employer - to hire top lieutenant & COO The Yahoo president has filled two top spots since she's been there for only a few months and turns around and raids her former employer for her #2 spot. It happens all the time, even in the LP world and so many former employers get so upset. That's why a number of retailers actually tie it into an executive's separation agreement, stock options & grants programs and employment agreements. The unwritten rule is you can take a couple if they came to you first but after that your long term reputation may be impacted a little. That is depending on the executive you stole them from. By the way this new Yahoo executive only got a $58M package. (Source Associated Press)

Smart & Final is being sold to Ares Management for $975M For the fiscal year that ended last Jan. 12 sales were approximately $2 billion at 234 stores, including 182 warehouse stores and 52 Cash & Carry's, plus 13 stores in Mexico. Ares has stakes in 99 Cents Only Stores, GNC Holdings, and Orchard Supply among others. (Source

Chinese arrest 9,000 cyber-criminals - crack 4,400 criminal cases & 700 cyber crime gangs The efforts to crack down on internet fraud, hacking, trafficking counterfeit goods, firearms and online porn are a continuation of a campaign begun back in March that has already led to thousands of separate arrests. (Source

Alleged price-fixing conspiracy scheme by 3 publishers "conceived with Apple" gets Amazon Kindle customers credit on every e-book they purchased between April 2010 and May 2012 if approved by court In September a federal judge approved the U.S. Justice Department's settlement with Hachette, HarperCollins and Simon & Schuster, which were accused of conspiring in a price-fixing scheme. The publishers must also provide the funds for the Kindle credit. (Source Associated Press)

CVS to pay $5M to settle drug pricing allegations The Department of Justice said Monday that a unit of CVS Caremark Corp. has agreed to pay $5.25 million to settle allegations that it reported false information on prescription drug prices to the government's Medicare program. The civil settlement resolves allegations made in two separate whistleblower lawsuits against Woonsocket, R.I.-based CVS in 2008 and 2009. CVS said it agreed to the settlement to avoid protracted and expensive litigation. It noted the period in question came before it acquired RxAmerica through its takeover of Longs Drugs Stores. In January, CVS agreed to pay $5 million to resolve similar allegations filed by the Federal Trade Commission. (Source Associated Press)

Amazon to hire 50,000 seasonal workers this year Full-time workers get stock grants and benefits. The company says its full-time employees make 30 percent more than traditional retail employees. It says stock grants have added an average 9 percent to base pay over the last five years. The Seattle-based online retailer says it expects "thousands" of those it hires to stay on full time. (Source Associated Press)

Dubai to host World Customs Organization IT Conference and Exhibition 2013. Nearly 1000 international customers and security experts are expected to attend the conference focused on efforts by security agencies at entry ports, including customs administrations, security and environment institutions, to combat the entry of banned items and facilitate the flow of legitimate trade. (Source

Ireland Store must destroy all Abercrombie & Fitch merchandise. The small store in Limerick must destroy 800 items of A&F goods which he claims he purchased at A&F Outlets in New Jersey and Pennsylvania and paid the duty to import the product back to Ireland. Under the 1996 Trademarks Act, it is illegal to sell trademarked goods from the US in Ireland unless they are licensed to be sold here and the manufacturer has given consent. (Source

Flat Screen Televisions and durable goods becoming the new counterfeited issue. India is seeing a flood of flat screen television, refrigerators, and home appliances hitting the market, all counterfeit or untaxed imports. Recently 4000 AKIE televisions were to be shipped from a port in China set for India; the televisions were not manufactured by AKIE. It's not just counterfeits, but exact replicas of existing products also a booming grey market, products smuggled and sold without paying taxes that together constitute at least 15 per cent of India's consumer electronics segment. (Source

Polish Political Leader accused of importing 100,000 counterfeit Louise Vuitton and Burberry items. Artur Dębski’s company Portfex has traded with China since early 1990, but the scale of merchandise just hit new heights. Debski was purchasing everything from ball point pens to mops from China, and then moved into the trafficking of trademarked goods. The shipping container recently seized had over 100,000 handbags, wallets, 3,300 of the items had the Louise Vuitton and Burberry trade marks. (Source

Kohl’s evacuated after bomb threat in Rochester, NH Rochester police evacuated the building of Kohl’s at Rochester Crossing Monday evening in response to a bomb threat but said after their search, no explosive device was found. Police are conducting an investigation into tracking down the suspect in collaboration with a local phone company. (Source

Two RI men charged in theft of AC units worth $500k Police in Rhode Island say they've made arrests in a half million dollar theft of air conditioning units from a Walmart store. Police say the arrests came after the suspects attempted to sell some of the metal to a local scrap dealer. (Source Associated Press)

Two Jewelry stores robbed yesterday - one in downtown LA and one in Chicopee, Mass. Both were the smaller mom-pop type stores and in one case the store owner reportedly opened fire on the three robbers. A weekly occurrence in the North America. (Source (Source

Arrest warrants issued in Ann Arbor, Mich. for two men suspected of stealing $45,000 in cell phones. The Verizon kiosk at Ann Arbor's Briarwood Mall was robbed of 84 cell phones back in April; police now believe they know who did it. Warrants were issued earlier this month for a 22-year-old Torrance, Calif. man and a 32-year-old Los Angeles, Calif., man. They each face two counts of larceny, $20,000 or more. (Source
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Atlanta Jewelry store workers tighten security after violent robbery. Employees at a Smyrna jewelry store are stepping up security after three men robbed the business last week. The armed trio came into My Jeweler on Spring Road under the guise of selling some jewelry. All of them were overly dressed, including one with a fake limp and two others wearing hats and glasses. (Source

Man robbed 5 convenience stores busted in Louisville, KY A 20-year-old Louisville man has been charged with five armed robberies, including two of the same business. (Source

Quarterly Results

W.W. Grainger U.S. up 4% with Canada up 10% - talk about the impact of the Canadian push
Domino's U.S. Q3 same store sales up 3.3% with revenue up 1%

Washington State ORC Alliance Annual Training Conference - Burien, Washington - October 18, 2012 - Click here to register


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One woman ORC thief hits Palais Royal stores (Stage Stores) for two years in Houston, TX Houston police are searching for an alleged thief who they say made off with more than $34,000 in clothing from several Houston-area Palais Royal stores over a two-year period, Harris County prosecutors said. Maria Mendez, also known as Martha Laura Mendez, has been charged with organized retail theft in the cases, which span from Dec. 28, 2009, to Sept. 21, 2012. Houston police said that Mendez committed more organized retail thefts in the Houston area throughout 2010 and 2011. (Source

Three arrested in Alabama with 400 counterfeit debit/credit cards. Three suspects from North Carolina have been arrested in Oxford, Alabama in connection with 400 debit/ credit and gift cards. A clerk at a convenience store confiscated one of the cards the suspect tried to use and contacted police. (Source

Union Square store in San Francisco hit by girl gang Police are hunting for seven young women who reportedly barged into a Union Square store with empty shopping bags Friday and swiped several pricey items. None of the thieves made any effort to be discreet, police said, as they immediately darted for the shelves and shoved high-value loot into their bags. Last year, the manager of a boutique clothing store on Grant Street said as many as eight girls had been entering smaller stores, stealing items and then fleeing in getaway cars. The smaller shops are targeted because they lack the security of larger department stores, police have said. The Tenderloin and Southern police stations have teamed up to stop the various versions of "organized retail crime" that have increased nationwide. They will have a plan in place to deal with shoplifting for the holiday season, police spokesman Officer Albie Esparza said. (Source

Two Alabama men accused of $10,000 in theft from Lowes. Christopher Spruiell of Adamsville and Terry Ford of Bessemer were arrested in connection with the robbery of the Graysville Lowe’s Home Improvement store early last week. Stolen were high-ticket items like chainsaws, drills and paint sprayers. Estimates indicate that the combined thefts from Lowe’s could be more than $10,000 worth of merchandise at this time. The two are also believed to have hit The Home Depot in the area counties as well. (Source

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Regional AP Mgr Walmart Marietta, GA Walmart
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Bosses: What Will You Do Differently Today? "When looking at the findings of the first "Bad Boss Study" you should find yourself saddened by the number of bad bosses in America who should be hanging their heads in shame. Many bosses lack integrity and worth ethic and are leaving U.S. workers feeling unappreciated, uninspired, lonely, miserable, and bored at work. (Ouch)

Why You Need to Lead With Your Heart According to the Conference Board, job satisfaction in America has been on a steep and steady decline for an entire generation. The century-old research organization reported this summer that more than half of all US employees are unhappy in their jobs today -- effectively an all-time low. (Don't be the 71%)
If You're Too Busy to Meditate, Read This People sat the hardest part about meditating is finding the time to meditate. This makes sense: who these days has time to do nothing? Meditation brings many benefits. But if you're still looking for a business case to justify spending time meditating, try this one: meditation makes you more productive. (20 minutes)

3 Tools That Make Busywork Suck Less Every job comes with it's own busywork. Tracking down receipts, entering new contacts into your database, following up with people on deadlines they've missed weeks ago -- these types of tasks are necessary, but could they be any more boring? Here are three tools to make busy work a little easier. (Rise above the crowd)

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Managing your career upwards is a difficult task because it requires absolute commitment in every situation and environment. You have to stay focused on what's in front of you and make sure your attitude matches your actions. And remember always be West Point. There's a reason every single U.S. citizen respects graduates of West Point. It's almost a universal code so to speak. Clean, crisp, sharp, alert, intelligent, and always a gentleman or gentlewoman.

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