OPERATIONS

Report: Multi-state shoplifting ring busted

BY Dan Berthiaume

Northbrook, Ill. – The U.S. Secret Service has reportedly arrested three members of a family living in Northbrook, Ill., for running a sophisticated shoplifting ring that stole items from stores ranging from Maryland to Texas during the past 10 years.

According to the Chicago Tribune, Branko Bogdanov, 58, wife Lela, 52, and their daughter, Julia, 34, have spent the past decade using specially altered clothing to steal merchandise from retailers including Startbucks, Toys “R” Us, and Barnes & Noble. The three reportedly stole $7.1 million worth of merchandise and resold it for $4.2 million on EBay. Federal authorities were alerted to unusual EBay activity and then followed the Bogdanovs on a four-day shoplifting spree through Oklahoma, Texas and Louisiana, arresting the family in New Orleans on March 4.

The family faces a charge of interstate transportation of stolen property and may face additional charges. It is unknown if any of the Bogdanovs are U.S. citizens.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...
REAL ESTATE

Report: Cumberland Farms sells 27 stores

BY Dan Berthiaume

Framingham, Mass. – Cumberland Farms is reportedly selling 27 stores in New Jersey, Delaware, and Pennsylvania, to Petroleum Marketing Group, based in Woodbridge, Va. According to the Boston Globe, the stores will continue to operate as convenience stores and all roughly 600 affected employees are expected to keep their jobs.

Cumberland Farms will focus on its nearly 600 remaining stores in New England, New York, and Florida. Both companies are private and terms were not disclosed.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...
FINANCE

Abercrombie & Fitch settles overtime suit

BY Dan Berthiaume

New Albany, Ohio — Abercrombie & Fitch Co. and Abercrombie & Fitch Stores, Inc. have offered to pay about $4,000 to one assistant manager for failing to pay proper overtime wages from May 16, 2010 to present, in connection with a lawsuit filed in the Eastern District of New York. Abercrombie agreed to pay the assistant manager’s attorney’s fees and court costs to be determined by the court.

The claims arose under the Fair Labor Standards Act ("FLSA") and asserted that Abercrombie violated the FLSA by failing to pay Assistant Managers all wages due and owing to them for working more than 40 hours a week. Abercrombie did not pay overtime to the assistant manager at time and one-half, and Plaintiffs alleged that its practice violated the law.

Abercrombie said that the amount offered to the assistant manager includes all overtime wages owed plus liquidated (double) damages, and interest. The full number of Abercrombie assistant managers who were subject to Abercrombie’s pay practice is not known.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...