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.
