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Retailers continue to grapple with organized retail crime

from National Retail Federation

When it comes to looking at retail crime by the numbers, the statistics are staggering. Shrink – the loss of inventory due to employee theft, shoplifting, paperwork errors, or supplier fraud – cost retailers more than $34 billion in 2011, or more than 1.4 percent of their total sales, with shoplifting accounting for 35 percent of those losses alone. And it's not just petty shoplifting incidents that are heightening retailers' awareness of these crimes. Organized retail crime is also on the rise. NRF's latest survey on the issue found that nearly all retailers surveyed had been the victim of ORC in the past year. more

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