financetom
Business
financetom
/
Business
/
New York state mandates panic buttons for large retailers under new law
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
New York state mandates panic buttons for large retailers under new law
Sep 6, 2024 5:36 AM

NEW YORK, Sept 5 (Reuters) - New York Governor Kathy

Hochul on Thursday signed a new law requiring retailers to boost

safety protections for store workers, including requiring major

chains to add panic buttons in all New York State locations.

Unions representing retail workers had pushed for the new

law, known as the Retail Worker Safety Act (RWSA), after

high-profile shootings in the state and as some retail

executives recently have cited a rise in retail crime - a claim

that has been disputed.

WHY IT'S IMPORTANT

The requirement to add panic buttons specifically at retail

workplaces is the first of its kind among U.S. states. While

California adopted similar but broader workplace requirements

earlier this year, it did not mandate panic buttons.

Walmart ( WMT ), the National Retail Federation (NRF) and

the Food Industry Alliance of New York State (FIA) have

previously opposed the RWSA. Walmart ( WMT ) argued against the panic

button idea, citing concerns about the likelihood of false

alarms. Others expressed worries about the associated costs.

Walmart ( WMT ) and the FIA declined to comment. The NRF deferred

comment to the Retail Council of New York State, which did not

immediately respond to requests for comment. In the past, the

retail groups have sent letters to the New York State Senate

opposing panic buttons.

CONTEXT

The RWSA goes into effect after 180 days. It requires, among

other things, retailers with 10 or more employees to adopt a

violence prevention plan and maintain records of violent

incidents for at least three years.

It also requires retailers with 500 or more employees

nationwide to install panic buttons in easily accessible

locations or provide wearable panic buttons or

mobile-phone-based alarm devices to alert emergency officials.

This provision of the law will take effect on Jan. 1, 2027.

BY THE NUMBERS

In New York City there have been at least 40,900 complaints

related to retail theft so far this year, a 2.7% increase since

last year, according to the New York Police Department.

U.S. retailer Target ( TGT ) also closed nine locations, including

one in East Harlem, citing violence against employees and retail

theft as primary reasons.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
ANSYS Q3 Non-GAAP Earnings, Revenue Increase; Shares Rise After Hours
ANSYS Q3 Non-GAAP Earnings, Revenue Increase; Shares Rise After Hours
Nov 9, 2024
04:58 PM EST, 11/06/2024 (MT Newswires) -- ANSYS ( ANSS ) reported Q3 non-GAAP earnings late Wednesday of $2.58 per diluted share, up from $1.41 a year earlier. Analysts polled by Capital IQ expected $1.73. Revenue for the quarter that ended Sept. 30 was $601.9 million, up from $458.8 million a year earlier. Analysts surveyed by Capital IQ expected $523.9...
GFL Environmental Edges Down After Hours as it Posts Higher Q3 Profit and Revenue; Names New COO
GFL Environmental Edges Down After Hours as it Posts Higher Q3 Profit and Revenue; Names New COO
Nov 9, 2024
04:55 PM EST, 11/06/2024 (MT Newswires) -- GFL Environmental ( GFL ) edged down in after-hours New York trading after the company on Wednesday said its third-quarter profit and revenue rose year-over-year. The waste-management company said it earned $110.4 million, or $0.23 per share, in the quarter, up from a profit of $22.1 million, in the year-prior quarter. The result...
F5 Insider Sold Shares Worth $1,034,632, According to a Recent SEC Filing
F5 Insider Sold Shares Worth $1,034,632, According to a Recent SEC Filing
Nov 9, 2024
04:59 PM EST, 11/06/2024 (MT Newswires) -- Chad Michael Whalen, Executive Vice President, Worldwide Sales, on November 04, 2024, sold 4,461 shares in F5 (FFIV) for $1,034,632. Following the Form 4 filing with the SEC, Whalen has control over a total of 29,374 shares of the company, with 29,374 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1048695/000104869524000183/xslF345X05/wk-form4_1730930009.xml ...
Zurn Elkay Water Solutions Insider Sold Shares Worth $1,486,552, According to a Recent SEC Filing
Zurn Elkay Water Solutions Insider Sold Shares Worth $1,486,552, According to a Recent SEC Filing
Nov 9, 2024
04:59 PM EST, 11/06/2024 (MT Newswires) -- Mark W Peterson, Chief Administrative Officer, on November 04, 2024, sold 40,000 shares in Zurn Elkay Water Solutions ( ZWS ) for $1,486,552. Following the Form 4 filing with the SEC, Peterson has control over a total of 365,648 shares of the company, with 360,727 shares held directly and 4,921 controlled indirectly. SEC...
Copyright 2023-2026 - www.financetom.com All Rights Reserved