As professionals in the retail space, it’s our responsibility to keep up with the methods and tactics used by thieves when it comes to organized retail crime (ORC). These days, improving technologies equal potentially increased profits in the eyes of theft groups. Read More
Tag: returning stolen merchandise
The concept of the retail return is a relatively new phenomenon. In the mid- to late-twentieth century, retailers began accepting returned merchandise as an attempt to gain a competitive edge. The concept worked.
For many retailers, flexible returns have become synonymous with quality customer service. Nordstrom, for example, has built a Read More
Organized retail crime is continuing to grow, with 83 percent of merchants surveyed reporting an increase in the past year, according to the 12th annual ORC study released today by the National Retail Federation.
“Retailers continue to deal with the challenges that come with fighting organized retail crime,” NRF Vice President Read More
Retail loss prevention executives have their hands full, and when it comes to the organized retail crime teams that wreak havoc on their stores, their inventory and their bottom line, retailers are getting more aggressive in their efforts to fight the $30 billion problem. According to the National Retail Federation’s Read More
Return fraud and abuse continues to cost retailers billions of dollars every year—$16 billion to be exact. But some retailers like Finish Line, a $16 billion premium retailer of athletic shoes, apparel, and accessories, are fighting back and combatting return fraud head on with winning results.
Headquartered in Indianapolis, Finish Line Read More
A Decade Later, Organized Retail Crime Still Major Problem for Retailers, According to NRF’s 10th Annual ORC Survey
Retailers allocating more resources to combat ORC, Federal legislation still needed
A decade has passed since NRF first surveyed its community of loss prevention and security executives about the impact organized retail crime has on their company, and with the release of the 2014 survey, it’s evident that the $30 billion Read More