Organized Retail Crime (ORC)

Today, analytics is one of the most vital tools to statistically identify the key factors which highly correlate with loss due to shrink. Collecting data from various sources gives retailers a more holistic perspective of their store activity.

Video shows group theft

Thief steals thousands

Employee accused of theft

Brazen iPhone robbery

Crew charged with felonies

Suspect in motorized wheelchair

The Sensormatic® Global Shrink Index is a culmination of research that measures worldwide retailer performance, allowing retailers to benchmark their shrink rates to others in the same vertical and region.

Stolen phone leads to 69 more

Employee arrested for $26K theft

Teenagers shoplift with infant

Second suspect caught

ORC grocery ring

K-9 shoplift catcher

As retail undergoes broad transformation, it's not surprising that loss prevention is embroiled in a sea change of its own. With essential shrink challenges as dynamic as ever, LP executives also face new sets of problems, old problems getting worse, as well as fresh opportunities to provide value to retail organizations.

The Loss Prevention Foundation (LPF) has recently announced an organized retail crime (ORC) certificate course preview webinar sponsored by Tyco Retail Solutions. Webinar participants will receive a discount code for the actual course.

Police kill shoplift suspect

Company president apologizes

Most likely to be stolen

Shoplift leads to meth lab

Equifax confirms stolen info

Theft of designer merchandise

Reward offered for info

Employee ORC theft

LPA assaulted

ORC ring bust: 1 arrested

Cashier swipes $17K in 3 days

Loss prevention has evolved significantly over the past several decades. Today's loss prevention professionals are expected to be multidimensional, open minded, global thinking, enterprising,...

EDITOR'S NOTE: Dan Faketty is vice president of asset protection for Southeastern Grocers based in Jacksonville, Florida. Prior to moving into a leadership role...