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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.
Increasingly, this is how it goes today for retailers trying to battle theft and fraud by organized crime rings. A CNN review of court records and interviews with more than two dozen retail and ...
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 ...
Organized retail theft escalated under the Biden administration with 70% of retailers reporting increased crime and an estimated $30 billion in losses every year.
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 New Mexico Organized Retail Crime Association hosted its second annual conference last month. NMORCA is a partnership between the New Mexico Chamber of Commerce, retail companies and law ...
The National Retail Federation’s latest report attributed 36% of the $112.1 billion in lost merchandise in 2022 to “external theft,” which includes organized retail crime.
"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 ...