{"id":1829266,"date":"2023-01-30T16:05:02","date_gmt":"2023-01-30T21:05:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1829266"},"modified":"2023-01-30T16:10:37","modified_gmt":"2023-01-30T21:10:37","slug":"lowes-successfully-tests-way-to-stop-retail-theft-without-locking-down-products","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/lowes-successfully-tests-way-to-stop-retail-theft-without-locking-down-products\/","title":{"rendered":"Lowe\u2019s Successfully Tests Way To Stop Retail Theft Without Locking Down Products"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Flowes-successfully-tests-way-to-stop-retail-theft-without-locking-down-products%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1829266&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47-->\n<p>Lowe\u2019s successfully tested a <a href=\"http:\/\/dailywire.com\/topic\/technology\" target=\"_blank\" rel=\"noopener\">Mechanism<\/a> Low-cost radio frequency identification chips can be used to track and lock objects. This includes power tools, and other equipment. <a href=\"http:\/\/dailywire.com\/topic\/crime\" target=\"_blank\" rel=\"noopener\">Theft<\/a>.<\/p>\n<p>Public attention has been drawn to the thefts by gangs of robbers during the recent crime wave. Some convenience stores and retailers have spent millions on new equipment. <a href=\"https:\/\/www.dailywire.com\/news\/supermarket-chain-hy-vee-introduces-new-security-efforts-as-smash-and-grab-robberies-continue\" target=\"_blank\" rel=\"noopener\">Security measures<\/a> Oder <a href=\"https:\/\/www.dailywire.com\/news\/shoplifting-skyrockets-in-san-francisco-forcing-retailers-to-close-stores\" target=\"_blank\" rel=\"noopener\">Closing Locations<\/a> in dangerous cities.<\/p>\n<p>Lowe\u2019s has introduced Project Unlock, which uses blockchain and RFID technology to render tools \u201cinoperable and virtually worthless\u201d if they are stolen from one of the home improvement store\u2019s locations.<\/p>\n<p>\u201cAt the store, a customer takes the product to the register, gets the barcode scanned, and pays,\u201d According to a <a href=\"https:\/\/www.lowesinnovationlabs.com\/projects\/projectunlock\" target=\"_blank\" rel=\"noopener\">Website<\/a> from Lowe\u2019s Innovation Labs. \u201cA point-of-sale RFID scanner reads all tags in range, finds the tool with the correct serial number, and writes a unique secret key value that activates the tool for use. Only products that are legitimately purchased are activated. If a power tool is stolen, it won\u2019t work, which makes it less valuable to steal.\u201d<\/p>\n<p>Lowe\u2019s Chief Digital and Information Officer Seemantini Godbole remarked during an <a href=\"https:\/\/www.foxbusiness.com\/lifestyle\/lowes-pioneers-nearly-invisible-system-to-solve-organized-retail-crime\" target=\"_blank\" rel=\"noopener\">Interview<\/a> Fox Business can help you find other ways to stop organized retail theft like locking down shelves. \u201can enjoyable experience that customers rightfully should have.\u201d Project Unlock provides a simple process to unlock your secrets. \u201cinvisible\u201d Customers should be able to \u201cnot even know that there\u2019s anything extra happening.\u201d<\/p>\n<p>\u201cAs you can see, all the retailers are locking down stuff and putting physical locks on the product,\u201d She added that word will spread to thieves, she said. \u201cpretty quickly that stealing these tools this way is not worth it because it\u2019ll never work.\u201d<\/p>\n<p>According to a survey, retailers reported an increase of 26.5% in organized retail crime last fiscal year. <a href=\"https:\/\/nrf.com\/media-center\/press-releases\/nrf-reports-retail-shrink-nearly-100b-problem\" target=\"_blank\" rel=\"noopener\">Survey<\/a> The National Retail Federation found that nearly 90% of respondents felt that the recent three-years had increased their risk due to violence, shoplifting, employee theft, or organized theft. Brian Cornell, Target CEO, revealed last year that organized crime has increased. <a href=\"https:\/\/www.dailywire.com\/news\/target-says-organized-retail-theft-contributed-to-400-million-loss\" target=\"_blank\" rel=\"noopener\">Required<\/a> The company will increase its security spending.<\/p>\n<p>\u201cThis is an industrywide problem that is often driven by criminal networks, and we are collaborating with multiple stakeholders to find industrywide solutions,\u201d Michael Fiddelke, Target CFO, was added. \u201cFor example, because stolen goods are often sold online, Target strongly supports the passage of legislation to increase accountability and prevent criminals from selling stolen goods through online marketplaces.\u201d<\/p>\n<p>Trade associations, such as the National Retail Federation (NRF) and the Chamber of Commerce, have been created. <a href=\"https:\/\/www.dailywire.com\/news\/interest-groups-make-push-to-battle-organized-retail-crime-at-the-federal-level\" target=\"_blank\" rel=\"noopener\">All rallied<\/a> Companies should support multiple laws to increase federal resources for preventing this trend. The Combatting Organized Retail Crime Act would allow for coordination between law enforcement agencies. However, the INFORM Consumers Act would deter the resale or theft of stolen goods online by requiring verification from high-volume third parties on platforms like Facebook Marketplace.<\/p>\n<p>These robberies are occurring as local officials decrease the focus on minor offenses being prosecuted. California is just one of many states that has relaxed the penalties for shoplifting. <a href=\"https:\/\/www.dailywire.com\/news\/retail-theft-is-changing-the-customer-experience\" target=\"_blank\" rel=\"noopener\">Approved<\/a> A ballot measure was passed in 2014. It only prescribed misdemeanor punishments for property crimes that do not involve violent violence. The value of stolen goods must not exceed $950.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lowe\u2019s successfully tested a mechanism to track and lock items with low-cost radio frequency identification chips such that power tools and other equipment will not function if they are stolen. Thefts executed by packs of robbers have garnered public attention during the crime wave of the past three years, with some retailers and convenience chains &#8230;<\/p>\n","protected":false},"author":99,"featured_media":1829269,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[541],"tags":[5691,17022,12817,6581,12298,6913],"class_list":["post-1829266","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-daily-wire","tag-locking","tag-lowes","tag-products","tag-retail","tag-tests","tag-theft"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1829266","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/99"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1829266"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1829266\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1829269"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1829266"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1829266"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1829266"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}