The recent trend within large retail store networks (Walmart, Costco and Target to name just a few) isn’t so much the latest fashion, but rather an increase in the number of violent crimes.
Organized retail crime (ORC) continues to grow, with 83 percent of merchants reporting an increase in the past year, according to the National Retail Foundation’s 12th annual ORC study.
Organized retail crime is continuing to grow, with 83 percent of merchants surveyed reporting an increase in the past year, according to the 12th annual ORC study by the National Retail Federation.
Retail loss prevention faces numerous challenges in a changing and dynamic retail environment.
September 1, 2016
Several years ago, an organized shoplifting ring near Buffalo, New York, stole millions of dollars in merchandise from big box stores such as Walmart, Sears, Home Depot, JoAnn Fabrics, Tops and Wegmans.
Consumers are wary of the increased frequency of cyber-attacks against retailers, and many are ready to walk away from their favorite retailers if a breach occurs.