Atlanta’s Ponce City Market is one of the hottest shopping destinations in the Southeast. The market, which is home to dozens of restaurants, food stalls and retail stores, was opened by Jamestown Capital in 2014. Built in a renovated, 2.1-million square foot Sears, Roebuck & Co. distribution center, Ponce City Market quickly became a favorite of shoppers and burglars alike.
Shoplifting continues to rise, according to the 30th Annual Retail Theft Survey from Jack L. Hayes International, Inc. 432,046 shoplifters and dishonest employees were apprehended in 2017, up 1.7 percent from 2016.
More than 432,000 shoplifters and dishonest employees were apprehended in 2017 by just 21 large retailers who recovered over $188 million from these thieves, according to the 30th Annual Retail Theft Survey by Jack L. Hayes International.
Organized retail crime is continuing to grow, with 67 percent of retailers surveyed reporting an increase in the past year, according to the 13th annual ORC study by the National Retail Federation.
Thefts from retailers and other inventory “shrink” grew to $48.9 billion in 2016 from $45.2 billion the year before even as budget constraints left retail security budgets flat or declining.
More than 438,000 shoplifters and dishonest employees were apprehended in 2016 by just 23 large retailers who recovered more than $120 million from these thieves, according to the 29th Annual Retail Theft Survey by Jack L. Hayes International.
The webinar was presented by Mike Giblin, a Research Scientist III at the Loss Prevention Research Council, and Tom Meehan, Chief Strategy Officer and Chief Information Security Officer for ControlTEK and former director of technology and investigations with Bloomingdale's.
An inexplicable rise in organized retail crime during the past couple of years, perhaps due to police passivity, has major retailers looking to upgrade their equipment, technology, policies and procedures, and training for employees to combat loss prevention.
