Stores in Chicago, Minneapolis-St. Paul are the latest to be hit by organized thieves [CBS News]
Best Buy Co., Inc. (BBY)
Last best buy co., inc. earnings: 2/27 07:00 am
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Source: CBS News
Large groups of criminals stole pricey products from Best Buy stores in Maplewood and Burnsville, Minnesota. "We can't tolerate that kind of behavior. Just as a society, we just can't," Ramsey County Sheriff Bob Fletcher told a live stream . "As an industry we are working with local law enforcement and taking additional security precautions where it makes sense," Best Buy told a local CBS affiliate Police in Chicago are investigating four "smash-and-grab" retail robberies downtown and on the city's near Northwest side targeting stores including Foot Locker, the North Face and Canada Goose, WGN9 and the Chicago Sun-Times reported The large-scale thefts follow other alarming incidents this month that had an estimated 80 thieves ransacking a Nordstrom store in California and more than a dozen people swiping merchandise from a Louis Vuitton store in suburban Chicago. Thieves tend to target densely populated urban areas with a high volume of stores in close proximity to one another.
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