Forget the occasional pack of gum or candy bar. Retail theft goes beyond that and more. It’s all about organized retail crime (ORC), which poses the most significant threat to the economic welfare of the $4.7 trillion retail industry in the United States. A report from the ASIS Foundation, “Organized Retail Crime: Assessing the Risk and Developing Effective Strategies,” states that U.S. retailers lose billions of dollars to ORC each year. ORC affects all segments of the industry, including drug stores, supermarkets and mass merchant chain stores. Some of the “hot” items targeted by retail criminals are goods that command near-retail resale price, including designer clothing, DVDs, CDs, over-the-counter medicines, beauty care items and infant formula.
Three Steps and MoreOftentimes, criminals feel emboldened by the thought that they can outsmart security systems or simply act faster than security personnel can react. Redner’s Warehouse Market, an East Coast retail chain with 38 stores and 13 convenience outlets in Maryland and Pennsylvania, has been successful leveraging technology to stay ahead of anyone who is trying to rip them off.
The retail chain is using a searchable surveillance solution to enhance security at 13 of its grocery and convenience stores. The system is helping to reduce losses, improve crime investigation efficiency and cut down theft of all kinds.