Doug Bedell — November 21, 2018, 11:48 am

Retail Theft a Steadily Growing Security Challenge

Security is taking on heightened meaning in retail stores where, according to Security InfoWatch, losses from organized retail crime (ORC) “‘have reached an all-time high’  with losses averaging $777,877 per $1 billion in sales, which is up 7 percent from last year’s record of $726,351. Additionally, 92 percent of companies surveyed reported that they had been a victim of ORC in the past year and 71 percent of respondents said that ORC incidents were increasing.

“Among the reasons cited by retailers for the increase include the ability of thieves to easily sell stolen goods online, gift card fraud, staff shortages in stores, and high demand for certain brand name items.”

Clearly, this is nothing to be thankful for.

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