Lowe’s Successfully Tests New Program to Stop Organized Shoplifting Rings

Fox Business

Lowe’s Companies Inc. has innovated – and successfully tested – a new system geared toward tackling organized retail crime in a frictionless and almost invisible manner.

It’s called Project Unlock, and it’s a proof-of-concept system that underscores how there are methods to solving this industry-wide problem without having to lock up every product on the shelf, Lowe’s Chief Digital and Information Officer Seemantini Godbole told FOX Business in an exclusive interview.

On average, there was a 26.5% increase in organized retail crime in 2021, costing the industry almost $100 billion, according to the latest data from the National Retail Federation (NRF).

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