Lowe’s is developing RFID technology embedded to combat theft of power tools from its stores
Lowe’s Cos. Inc. says it is harnessing RFID technology to combat the theft of power tools at the home-improvement retailer’s stores.
Don’t miss: Dick’s Sporting Goods’ stock slammed after earnings miss by a wide margin. The reason may be shoplifting.Lowe’s stock rose 4.1% Tuesday, outpacing the S&P 500 index’s SPX gain of 0.1%. Last week Home Depot described the retail industry’s battle with shrink and highlighted a new U.S. law designed to aid efforts to tackle a problem that costs the sector billions of dollars a year.
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