Tag Archives: Organized Retail Crime survey

The variety of issues that retail loss prevention professionals face range from shoplifting to return fraud, but no issue has grown as significantly in the past few years as organized retail crime. This is shown in the results of NRF’s ninth annual ORC survey, which found for the third consecutive year that 90 percent of […]

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When it comes to looking at retail crime by the numbers, the statistics are staggering. Shrink – the loss of inventory due to employee theft, shoplifting, paperwork errors, or supplier fraud – cost retailers more than $34 billion in 2011, or more than 1.4% of their total sales, with shoplifting accounting for 35% of those […]

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Let’s get one thing straight: organized retail crime is not shoplifting. It’s a gateway crime that leads law enforcement to other criminal activity, like narcotics, counterfeiting, and weapons seizures. And that’s key when it comes to getting law enforcement involved in investigating, busting and prosecuting ORC cases. In this morning’s LP ’11 session on organized […]

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Yesterday, Special Agent Eric Ives of the Federal Bureau of Investigation (FBI) published an article outlining the $30 billion-a-year industry called Organized Retail Crime (ORC). According to Ives, the organized retail theft of goods is a gateway crime that often leads the Bureau to major crime rings that use the illicit proceeds to fund other […]

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