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Target Predicts $1.3B Profit Loss from Theft

Target has announced its first quarter 2023 financial results, where it predicted this year’s profitability will be reduced by $500 million more than last year because of shrink. The company lost as much as $800 million from inventory shrink in 2022.

New ORC Law Passes in Minnesota

After years of efforts and collaboration, the Minnesota Retailers Association’s ORC Definition Bill has passed through the legislative process and was signed by the governor.

Insights from Survey on ORC Across the States

The goal of this report was to better understand the causes, consequences, and control of ORC throughout the United States at the state level, and the results from the 187 participants more than delivered.

NYC Mayor Announces New Plan to Combat Retail Theft

New York City Mayor Eric Adams has released a new plan in an attempt to combat retail theft across New York City’s five boroughs. Many are worried it won't be enough.

The Biggest News in Loss Prevention: May 13-19

NRF CEO Speaks On the Rise in Retail Crime | Police Search for Shoplifters Accused of Stealing Over $12K from Denver Stores | Burglars Take $70K of Merchandise from LA Shoe Store
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Register for ECR Webinar on Fortress Stores

Sign up for this ECR Retail Loss webinar where retail experts delve into the findings of a research project on retailers closing stores due to high risk.

The International Association of Interviewers Launches Southeast Chapter

The International Association of Interviewers (IAI) kicked off its newest chapter last week in Charlotte, North Carolina on the campus of UNC-Charlotte.

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