Articles Tagged with ''retail theft''

The National Retail Federation’s ninth annual Organized Retail Crime (ORC) Survey found that 93.5 percent of retailers say they have been a victim of organized retail crime in the past year, down slightly from 96.0 percent in 2012.

Back in time, I was getting a personal tour of historic computers in the Smithsonian by none other than the famous computer scientist Captain Grace Murray Hopper, who is said to have coined the term “computer bug.” 

It’s a balancing act. James Connolly wanted to significantly cut losses while having better images for liability and prosecution use. Tatiana Fokina, on the other hand, wanted to create a secure shopping experience that matches her inventory and customer profile.

The U.S. economy loses $250 billion to counterfeiting each year, but only a fraction of the goods are ever detected and confiscated by the government. 

The industry will lose nearly $9 billion to return frauds this year, with nearly $3 billion of that estimated to come from the holiday season alone. 

Canadian retailers are losing about $4 billion a year to “shrinkage.” 

All of the company's card reading machines have been disabled after 63 stores were discovered to have some compromised PIN readers. 

The higher the wages of retail workers, the less likely they are to steal store merchandise, according to a new study.