Retailers are scoring one win in the government-wide spending bill, which will force online marketplaces like Amazon and Facebook to verify high-volume sellers on their platforms amid heightened concerns about retail crime.
FILE - In this Dec. 12, 2016, photo, a person searches the internet for sales, in Miami. Retailers are scoring one win in the government-wide spending bill. The $1.7 trillion funding package contains legislation that will force online marketplaces like Amazon and Facebook to verify high-volume sellers amid heightened concerns about retail theft. Brick-and-mortar retailers have been voicing concerns about the amount of goods being stolen from their stores and subsequently sold online.
It’s difficult to parse out how much money retailers are losing due to organized retail crime - or if the problem has substantially increased. But the issue has received more notice in the past few years as high-profile smash-and-grab retail thefts and mass shoplifting events grabbed national attention. Some retailers have also said in recent weeks they’re seeing more items being taken from stores.
Meanwhile, Joe Parisi, president and chief operating officer of New York City’s grocery chains D’Agostino’s and Gristedes, said the chains are fighting increased costs from higher levels of organized crime, and they’ve had to double the security guards at stores from a year ago. Walgreens, Best Buy and Home Depot have also pointed out similar problems.
The funding package that contains the bill seeking to tame the problem was passed by the U.S. House on Friday. It now goes to President Joe Biden to be signed into law.
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