Ulta CEO says e-commerce sites can do more to stop the sale of stolen goods
Publishing timestamp: 2024-03-12 10:15:46
Summary
Ulta Beauty CEO Dave Kimbell blames e-commerce sites for contributing to organized retail crime, specifically mentioning Amazon. The company is concerned about the theft of goods from their stores being resold online. The issue of organized retail crime is becoming more significant, with Ulta Beauty aiming to lock up all fragrances in their stores to prevent theft. Retail executives are worried about the rise in violence associated with theft, but Ulta Beauty has not yet closed any stores due to crime.
Sentiment: NEGATIVE
Keywords: business, breaking news: business, crime, ulta beauty inc, business news, amazon.com inc, retail industry, united states,
Source: https://www.cnbc.com/2024/03/12/ulta-ceo-online-marketplaces-can-do-more-to-stop-crime.html