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The Rise of ORC

A Wall Street Journal article published on September 1 reported that “… organized retail theft accounts for around $45 billion in annual losses for retailers these days, up from $30 billion a decade ago. According to Ben Duggan, CVS Health Corp’s top ORC investigator, reported thefts have ballooned 30 percent since the pandemic began. Home Depot says the company has doubled the size of its investigative units over the past four years. Target Corp., Ulta Beauty, and TJX have also bulked up their resources.”

The Loss Prevention Research Council (LPRC) and its community of retailers is uniquely positioned to do something about this major and growing problem. Using the LPRC frameworks provides a guide for enabling collaborative and collective action by the entire community. Watch the video for more information.

Visit the Intelligence-Led Loss Prevention page for more information on this and other important loss prevention topics.

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