The 16th annual (Organized Retail Crime) ORC study released by the National Retail Federation found 75% of loss prevention executives at a cross-section of large and mid-sized retail companies said ORC activity had increased in the past year, up from 68% last year.
The Retail Loss Prevention and Security Association will be hosting its THINK Tank II summit virtually on October 22. The association also launched a new website that coincides with the summit.
More than 348,000 shoplifters and dishonest employees were apprehended in 2019 by 21 large retailers who recovered more than $136 million, says the 32nd Annual Retail Theft Survey by Jack L. Hayes International.
U.S. Senator Bill Cassidy, M.D. (R-LA) introduced legislation to fight the online sale of stolen, counterfeit and dangerous consumer products by requiring extensive transparency of large-volume third-party sellers in online retail marketplaces.
Customer-facing businesses often have a host of reasons for wanting employees to undergo security screenings or bag checks at the start or end of their shifts.
Organized retail crime affects almost all merchants and more than two-thirds of those surveyed have seen an increase in the past year, according to the 15th annual ORC study by the National Retail Federation.
U.S. retail fraud grew significantly during the past year for businesses of all sizes, with fraudsters adding small business targets, which typically utilize less anti-fraud solutions than mid-to-large sized merchants.
More than 279,000 shoplifters and dishonest employees were apprehended in 2018 by just 20 large retailers who recovered more than $114 million from thieves.
“My only regret with my career is that I didn’t find this job 20 years ago, although I don’t think I would have been right for the job if I hadn’t had my experiences along the way,” says Greg Brumley, Vice President of Asset Protection and Facilities for Lululemon, the athletic apparel company that’s based in Vancouver, Canada, with 400 retail stores across North America.
