California Governor Gavin Newsom signed ten new bills into law to combat retail crime in the state, including organized theft and fencing stolen goods online. The newly announced package introduces laws targeting shoplifting, vehicle theft, organized theft, and the resale of stolen goods online. These measures respond to retailers' demands for stronger action against retail theft, affecting profits, customers, and staff. Between January and August, California authorities made over 800 arrests related to organized retail crime and recovered over $7 million worth of stolen merchandise.
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00:00It's Benzinga, and here's what's on the block.
00:02California Governor Gavin Newsom signed 10 new bills into law aiming to combat retail
00:07crime in the state, including organized theft and fencing stolen goods online.
00:11The newly announced package introduces laws targeting shoplifting, vehicle theft, organized
00:15theft, and the resale of stolen goods online.
00:18These measures respond to retailers' demands for stronger action against retail theft,
00:23which has been affecting profits, customers, and staff.
00:26Between January and August, California authorities made over 800 arrests related to organized
00:30retail crime and recovered over $7 million worth of stolen merchandise.
00:34For all things money, visit Benzinga.com.