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Organized retail theft escalated under the Biden administration with 70% of retailers reporting increased crime and an estimated $30 billion in losses every year.
Pawn shop owners charged A family that owns several pawn shops throughout Central Illinois is being charged by the Illinois Attorney General for allegedly running an organized retail crime enterprise.
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 ...
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 ...
The California mom who pleaded guilty to running an organized retail crime ring that stole millions of dollars in beauty products from Ulta Beauty and Sephora to resell on Amazon will now have to ...
A Target spokesperson said that organized retail crime increased 50% in its stores since 2021. The company also said that theft incidents involving violence or threats had grown.
At issue is a particular type of store theft that loss prevention experts classify as “organized retail crime” or ORC. This isn’t a crime of need where an individual grabs an item or two ...
Retailers say those in-store security measures are emblematic of the ongoing threat of organized retail crime, which typically involves groups of low-level thieves who steal items for middlemen ...