Store security and anti-theft measures have become a top priority for retailers across the US as they combat a wave of shoplifting and deteriorating safety conditions in downtown locations where foot traffic has declined.
Unfortunately, the problem isn't limited to sticky-fingered individuals preying on lax security at a growing number of self-checkout kiosks in groceries or even the high-profile "flash mobs" that form in minutes over social media and show up to ransack a store.
What the authorities are calling organized retail crime (ORC) has become a multi-billion-dollar national problem for retailers—professionals who send out groups of thieves to steal from stores and delivery trucks and then hand the goods over to co-conspirators who convert them to cash by reselling them.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.