Tag: ORC

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.

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.

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.

Higher rates of incarceration do not immediately lead to reductions in crime. Any policy change takes time to impact society, especially one as complicated as crime. In this Editor Letter, Stefanie Hoover explains her issue with over-generalizations.

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

LPM's ORC Special Issue is out now! Here, find articles on a wide range of topics pertaining to organized retail crime.

CHP Arrests 40 Connections to $150M in Stolen Merchandise | Shoplifter Pulls Knife During Struggle with Home Depot Worker | Tigard Police Make 23 Shoplifting Arrests

On Friday, ORCTF conducted a statewide enforcement operation targeting a criminal operation believed to be responsible for over $150 million in stolen merchandise.

The LP Magazine "Magpie" Awards offer a means to celebrate industry accomplishments on an ongoing basis, recognizing the loss prevention professionals, teams, solution providers, law enforcement partners, and others that demonstrate a stellar contribution to the profession.

More Than $12K in Cash and Product Stolen from Liquor Store | Nordstrom Is Closing San Fran Stores as Retail Pain Grows | 10-Year-Olds Found Working at McDonald's Until 2 A.M.