We’ve all heard of shoplifting. This is a well-known retail crime that most brick and mortar stores have practices in place to prevent or watch out for daily. The items stolen are usually for personal consumption. However, there is a growing type of retail crime that has victimized 92% of companies surveyed by the National Retail Federation – called organized retail crime. Impacts All Organized retail crime (ORC) is defined as when items are stolen by groups of two or more people with the intent to resell it. It can happen anywhere, no matter if the business resides in a large metropolitan city or a small rural town. The bad news is, ORC is on the rise. Businesses must be proactive and prevent this type of mass theft before it happens or be prepared to take massive losses. Types of Retail Crime When most people think of retail crime, they think of shoplifting. But that is usually done by a single person, stealing for themselves. When compared to the damage done by ORC, shoplifting is the least of a retail store’s problem. ORC is big business and can occur before merchandise makes it to a store. It usually presents...
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