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A new survey shows retailers are losing billions of dollars each year to shoplifting. (hemeroskopion, ThinkStock)
A new survey shows retailers are losing billions of dollars each year to shoplifting. (hemeroskopion, ThinkStock)
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Shoplifting, theft, fraud cost retailers billions

Retailers lose billions of dollars each year as a result of shoplifting, employee and vendor theft and administrative error, which is known as inventory shrink, according to a new study.

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Netherlands Ahold Delhaize
Shoppers leave and enter an Albert Heijn store of Dutch retailer Royal Ahold NV, in Amsterdam, Netherlands, Wednesday, June 24, 2015. (AP Photo/Peter Dejong)
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European deal creates US grocery giant

The owner of Stop & Shop and Giant will tie up with the parent company of Food Lion, creating a $29 billion grocer that will be in a stronger position to compete with Wal-Mart and other discount retailers.

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Category: Money & Business
Internal Revenue Service
Internal Revenue Service (IRS) building in Washington DC. (AP Photo/Susan Walsh, File)
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Watchdog – IRS does business with tax delinquents despite ban

The IRS is doing business with tax delinquent contractors despite a federal law that bars the tax agency from awarding contracts to these companies, a government watchdog said Wednesday.

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Time Warner Center Opens In New York CIty
Whole Foods (Photo by Stephen Chernin/Getty Images)
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NYC – Whole Foods mislabels prepackaged items, overcharges

Whole Foods supermarkets have been routinely overcharging customers by overstating the weight of prepackaged meat, dairy and baked goods, New York City's consumer chief said Wednesday.

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Verizon Wireless store
Verizon Wireless store (Justin Sullivan/Getty Images)
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Verizon Wireless restores outage in South Jersey

Verizon Wireless customers are also affected by Tuesday's thunderstorms with a large outage being reported by customers.

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Sirens
Paul Conrath, Getty Images
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Ambulance, paramedic service in Camden could be overhauled

The provider of ambulance and paramedic services in Camden could change abruptly if a bill that's moving quickly through the state Legislature is adopted.

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A game of roulette at the Tropicana Casino and Resort in Atlantic City
A game of roulette at the Tropicana Casino and Resort in Atlantic City (AP Photo/Wayne Parry, File)
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Bill to permit smaller Atlantic City casinos advances

ATLANTIC CITY (AP) — New Jersey is moving forward with its plan to allow smaller casinos in Atlantic City.

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Economy GDP
In this Wednesday, Feb. 18, 2015, photo, carpenter Joe Tominc cuts wood for a post on a new construction home in Pepper Pike, Ohio. (AP Photo/Tony Dejak)
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US economy not as bad in 1st quarter, paving way for rebound

The U.S. economy contracted in the first three months of the year, just not as much as previously estimated. More recent data show that the weakness was largely temporary, with a rebound in the works for the April-June quarter.

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Category: Money & Business Tags: ,
Pile of Money
Ingram Publishing, Thinkstock
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New Jersey’s income growth exceeds the national average

New Jersey personal income growth, on average, was better in the first quarter than the national average, but wage gains still trailed that of neighboring states, according to new federal data.

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Stop & Shop Manalapan, supermarket
Stop & Shop on Route 9 in Manalapan is scheduled to close in July (Photo by Sherie Flammia)
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New Jersey supermarkets forced to close or adapt

New Jersey is dotted with supermarkets that have fallen victim to a tough business environment and a rise in competition.

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