According to ACI Worldwide, merchants should expect a 14-percent increase in fraud attempts between Thanksgiving and New Year’s Eve 2018. The value of fraud attempts is expected to increase by 17 percent.

Organized retail crime is continuing to grow, with nearly three-quarters of retailers surveyed reporting an increase in the past year, according to the 14^th annual ORC study by the National Retail Federation.


 

“My only regret with my career is that I didn’t find this job 20 years ago, although I don’t think I would have been right for the job if I hadn’t had my experiences along the way,” says Greg Brumley, Vice President of Asset Protection and Facilities for Lululemon, the athletic apparel company that’s based in Vancouver, Canada, with 400 retail stores across North America.

Organized retail crime is continuing to grow, with 67 percent of retailers surveyed reporting an increase in the past year, according to the 13^th annual ORC study by the National Retail Federation.

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.

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 12^th annual ORC study by the National Retail Federation.

When it comes to the organized crime gangs that wreak havoc on retail stores, inventory and the bottom line, retailers are getting more aggressive in their efforts to fight the problem.

The retail industry will lose an estimated $8.76 billion to return fraud this year, and $3.39 billion during the holiday season alone. Overall, 5.8 percent of holiday returns are fraudulent, up slightly from 4.6 percent last night.

Shrink, comprised of shoplifting, employee or supplier fraud, organized retail crime and administrative errors, cost the retail industry more than $112 billion globally last year, according to the 2012-2013 Global Retail Theft Barometer, and represented 1.4 percent of retail sales, on average.