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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.
Shoplifting (also known as shop theft, shop fraud, retail theft, or retail fraud) is the theft of goods from a retail establishment during business hours. The terms shoplifting and shoplifter are not usually defined in law, and generally fall under larceny .
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 ...
"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 ...
That was evident in the case of Linda Ann Been, an Oklahoma woman sentenced to more than five years in prison earlier this month for managing an organized theft ring that federal prosecutors say ...
A California man has been arrested in connection with a massive organized retail theft ring after officials found a warehouse stashed with $5 ... 800-290-4726 more ways to reach us. Sign in. Mail.
Authorities in California have busted 117 sticky-fingered grinches who were part of an organized holiday shoplifting ring. California Highway Patrol recovered 767 stolen items worth more than ...
Organized retail crime and theft are growing in both scope and complexity across the country, according to a study from the National Retail Federation (NRF) — to the extent that former Home ...