The webinar was presented by Mike Giblin, a Research Scientist III at the Loss Prevention Research Council, and Tom Meehan, Chief Strategy Officer and Chief Information Security Officer for ControlTEK and former director of technology and investigations with Bloomingdale's.
An inexplicable rise in organized retail crime during the past couple of years, perhaps due to police passivity, has major retailers looking to upgrade their equipment, technology, policies and procedures, and training for employees to combat loss prevention.
The recent trend within large retail store networks (Walmart, Costco and Target to name just a few) isn’t so much the latest fashion, but rather an increase in the number of violent crimes.
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 12th annual ORC study by the National Retail Federation.
Retail loss prevention faces numerous challenges in a changing and dynamic retail environment.
September 1, 2016
Several years ago, an organized shoplifting ring near Buffalo, New York, stole millions of dollars in merchandise from big box stores such as Walmart, Sears, Home Depot, JoAnn Fabrics, Tops and Wegmans.