Cheetah Net Supply Chain Service Inc
Change company Symbol lookup
Select an option...
CTNT Cheetah Net Supply Chain Service Inc
SPUU.NV Direxion Daily S&P 500 Bull 2X Shares
NEOV NeoVolta Inc
SYBX Synlogic Inc
FIISO Financial Institutions Inc
KA Kineta Inc
TCS Container Store Group Inc
MLGO MicroAlgo Inc
INDI indie Semiconductor Inc
JCI Johnson Controls International PLC

Consumer Discretionary : Distributors |
Company profile

Cheetah Net Supply Chain Service Inc. is a supplier of parallel-import vehicles in the United States to be sold in the People’s Republic of China (PRC) market. The Company and its wholly owned subsidiaries are primarily engaged in the parallel-import vehicle dealership business. In the PRC, parallel-import vehicles refer to those purchased by dealers directly from overseas markets and imported for sale through channels other than brand manufacturers’ official distribution systems. The Company purchases automobiles, primarily luxury brands such as Mercedes, BMW, Porsche, Lexus, and Bentley, from the U.S. market and resells them to its customers, including both U.S. and PRC parallel-import car dealers. The Company holds 100% of the equity interests in the subsidiaries, such as Allen-Boy International LLC, Canaan International LLC, Pacific Consulting LLC, Canaan Limousine LLC, Entour Solutions LLC, Spirit Solutions LLC, and Cheetah Net Logistics LLC.

Closing Price
Day's Change
-0.01 (-0.52%)
B/A Size
Day's High
Day's Low

10-day average volume:

Half of retail and grocery workers have witnessed a recent theft or attempted theft, study says

1:11 pm ET June 3, 2023 (MarketWatch)

By James Rogers

The research surveyed 1,000 workers in the retail and grocery sectors

Half of retail and grocery workers witnessed a theft or attempted theft in their stores from October 2022 through mid-April 2023, according to research from learning provider Axonify.

The research surveyed 1,000 workers in the retail and grocery sector and spanned both small businesses and major retail chains.

Retail and grocery associates are also seeing "a notable increase" in hostile and violent situations, according to Axonify. A third of stores experienced violent situations involving customers, respondents said. "Associates are already seeing the recession impact consumers in a number of ways, from haggling and more disputes with staff or other customers to theft and violence," Axonify said in a statement.

See Now: Retailers say theft cost nearly $100 billion last year. But are stores using crime stats to cover up other problems?

Over 20% of the respondents to Axonify's survey don't feel prepared to handle situations involving theft and 40% said they feel scared to go to work. Over a quarter of the workers surveyed said they have ignored a theft or attempted theft.

A number of big-name retailers are struggling with inventory "shrink" caused by theft and organized retail crime. The issue was cited by Target Corp. (TGT) when it reported its first-quarter results last week. Walmart Inc. (WMT) also described the issue as "challenging" during a conference call to discuss its first-quarter results.

Related: Target battling inventory 'shrink' caused by theft and organized retail crime, says CEO

Last week BJ's Wholesale Club Holdings Inc. (BJ) CEO Bob Eddy also weighed in on the issue. "Organized retail crime is definitely a thing," he said, during a conference call to discuss the company's first-quarter results. "We see it, and it is material," he added.

Last year the National Retail Federation reported that retail industry shrink was $94.5 billion in 2021, up from $90.8 billion in 2020 -- primarily driven by external theft, including organized retail crime. The NRF's National Retail Security Survey, which was conducted with the Loss Prevention Research Council, found that retailers, on average, saw a 26.5% increase in organized retail crime incidents in 2021. Eight in 10 retailers surveyed also reported that the violence and aggression associated with organized retail crime incidents increased.

Additional reporting by Greg Robb.

-James Rogers

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.


(END) Dow Jones Newswires

June 03, 2023 13:11 ET (17:11 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

Earnings Calendar and Events Data provided by |Terms of Use| © 2023 Wall Street Horizon, Inc.

Market data accompanied by is delayed by at least 15 minutes for NASDAQ, NYSE MKT, NYSE, and options. Duration of the delay for other exchanges varies.
Market data and information provided by Morningstar.

Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses.
Please read Characteristics and Risks of Standard Options before investing in options.

Information and news provided by ,, , Computrade Systems, Inc., ,, and

Copyright © 2023. All rights reserved.