Ex-retailer targets shoplifters, not buyers.Ex-retailer targets shoplifters, not buyers Although Marcia Israel is no longer president and chief executive officer of clothing retailer Judy's Inc., she hasn't forgotten the problems shoplifting Ask a Lawyer Question Country: United States of America State: Florida caught shoplifting at sears 12/05/05, first time, 20yearsold, have no criminal record. causes the retail industry. "I know how rampant it is and how it digs into the profits of a retailer," she said. Shoplifting is often what causes a retailer to be unprofitable, she added. Within the next six months, Israel said, Stoptronics, a company she founded and recently renamed, plans to unveil a new antitheft an·ti·theft adj. Designed to prevent theft: an antitheft automotive device. device that "will actually discourage anyone from even trying to steal," she said. Though Israel was loath loath also loth adj. Unwilling or reluctant; disinclined: I am loath to go on such short notice. [Middle English loth, displeasing, loath to offer details about how the new device works, she pointed out that the new system will be applicable to not only clothing, but also to consumer electronics products. Israel founded Van Nuys-based Judy's Inc. in 1946, and built the store into a 104-store publicly held chain, consisting of 65 Judy's stores, 35 G.Hq. young men's shops and four outlet stores. Israel and her husband, Larry Israel, owned 77.8 percent of the company until October 1989 when they sold it for $31 million to Laws International Holdings Ltd., a Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. textile manufacturer and clothing store company. Israel founded Stoptronics in 1969 under the name Golden Goose The Golden Goose (Die goldene Gans) is a fairy tale collected by the Brothers Grimm (Tale 64). Several elements in its narrative structure follow formulaic elements in the methodology that was formulated by Antti Aarne and his translator Stith Thompson (the . The company manufactured electronic sensor devices that attach to clothing and detect shoplifters. Israel used the device in her stores only. Since divesting herself of the Judy's Inc., however, Israel has changed the Golden Goose's name to Stoptronics and intends to make its products available to the entire retail industry. Israel said she contemplates re-entering the retail business by serving as a venture capitalist Venture Capitalist An investor who provides capital to either start-up ventures or support small companies who wish to expand but do not have access to public funding. Notes: Venture capitalists usually expect higher returns for the additional risks taken. for "a group of talented young people." "I have this wealth of retail experience and expertise which is sort of lying dormant. It seems a waste that it's doing nothing," she said. For the first year following the sale of Judy's, Israel said she wasn't allowed to open any store that would directly compete against her former clothing outlet. That stipulation An agreement between attorneys that concerns business before a court and is designed to simplify or shorten litigation and save costs. During the course of a civil lawsuit, criminal proceeding, or any other type of litigation, the opposing attorneys may come to an agreement of the sale ended Oct. 3. PHOTO : Tagging: Israel plans new detector |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion