Articles Tagged with ''shoplifting''

Target set to close 9 stores: The effects of organized retail crime

October 3, 2023

Target cites an increase in ORC as contributing factor leading to an unsafe environment for employees and making business unsustainable.

Integrated Solutions

Organized retail crime in focus

Fighting ORC is possible, but without a holistic view and fully resourced corporate security teams and law enforcement partners, it can be an uphill battle.

Fred Burton

September 8, 2023

Fighting organized retail crime (ORC) requires a holistic and fully resourced enterprise security program.

Retailers recovered over $240 million from shoplifters, employees in 2021

Security Staff

June 2, 2022

Dollar recoveries from shoplifters and dishonest employees increased to 30.7% in 2021, according to Jack L. Hayes International's Annual Retail Theft Survey.

Annual Retail Theft Survey -- More Losses from Shoplifters and Dishonest Employees in 2019

May 5, 2020

More than 348,000 shoplifters and dishonest employees were apprehended in 2019 by 21 large retailers who recovered more than $136 million, says the 32^nd Annual Retail Theft Survey by Jack L. Hayes International.

Supporting Loss Prevention in Retail

Rob Borsch

April 14, 2020

In retail, brick-and-mortar stores experience loss or shrink due to shoplifting, fraud, employee theft and human error. To mitigate against this, many have dedicated loss prevention (LP) personnel who use a variety of tools, including in-store video surveillance systems and point of sale (POS) systems, to deter and investigate theft. But, despite the continued best efforts of LP teams, shrink is on the rise.

432,000 Shoplifters and Dishonest Employees Apprehended in 2017

July 1, 2018

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.

Annual Theft Survey Says Shoplifting Continues to Rise

May 30, 2018

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 30^th Annual Retail Theft Survey by Jack L. Hayes International.

The Loss Prevention Foundation Announces New President

July 17, 2017

The Loss Prevention Foundation announced that Terry Sullivan, LPC has been named as its next President.

Retail Shrink Increased to $48.9 Billion in 2016

June 22, 2017

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.

Theft Takes a Toll on Retailers' Bottom-Line Profits

June 16, 2017

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.

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