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The National Retail Federation estimates that retailers lost $40.5 billion to external theft, including organized retail crime, in 2022. That represented about 36% of total inventory losses ...
A 54-year-old Michelle Mack has been sentenced to five years in prison for leading an organized retail crime ring targeting Ulta and Sephora Beauty products. She allegedly hired several women to ...
In 2022, retailers reported $112.1 billion in losses, according to the NRF’s Retail Security Survey, and it’s an issue they believe is urgent, with 78.1% of respondents saying organized retail ...
Precise national data on organized retail crime is lacking. Last year, NRF even retracted a claim in one of its reports related to the scale of the crime, which led critics to charge that the ...
"Shrink," or retail theft, is a billion-dollar problem for the retail industry. And unlike the popular culture image of a teen shoplifter looking for a rush, the real culprit is often organized ...
Organized retail crime (ORC) refers to professional criminal enterprises ranging from regional gangs to international crime rings and other organized crime focusing on retail environments. Operations include truckjacking , shoplifting , smash and grab , cargo theft , and cargo diversion.
An organized retail crime investigator for Lululemon said the trio are accused of stealing 45 items worth nearly $5,000 on November 13. The couple is responsible for “hundreds of thousands of ...
The products were then sold on Amazon, Bonta said at a news conference in San Diego. “Organized retail crime has significant financial and safety implications for businesses, retailers, and ...