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The National Retail Federation estimates that retailers lost $40.5 billion to external theft, including organized retail crime, in 2022. That represented about 36% of total inventory losses ...
Organized retail crime (ORC) refers to professional criminal enterprises ranging from regional gangs to international crime rings and other organized crime focusing on retail environments. Operations include truckjacking , shoplifting , smash and grab , cargo theft , and cargo diversion.
Texas codified specific penalties for organized retail theft back in 2007 when the crime cost businesses an estimated $2.5 billion — but since then, the crime has only become more popular ...
Preventing retail theft before it happens — it sounds like a fairy tale, but artificial intelligence could make it a reality. Videos and images of organized "smash-and-grabs" at stores and malls ...
A security guard, right, stands at the entrance to a Nordstrom department store at the Grove mall in Los Angeles, Thursday, Dec. 2, 2021, where a recent smash-and-grab robbery took place.
Retail theft is on the rise, leaving retailers grappling with how to protect their inventory without alienating customers. ... Car insurance in America now costs a stunning $2,329/year on average ...
Bensalem’s post-pandemic theft rate aligns with a trend seen across Pennsylvania, where retail theft reports are up 30% statewide, McVey said. Suspects are also becoming more brazen, he said.
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