How to Mitigate Organized Retail Crime This Holiday Season

Dealing with organized retail crime (ORC) is one of the major challenges for loss prevention programs across the country. Now that holiday and Black Friday shopping are fast approaching, ORC is likely a primary concern for your retail business.

Why are most retail businesses concerned? ORC costs the retail industry about $30 billion each year, according to the 2016 Organized Retail Crime Survey, an annual survey conducted by the National Retail Federation (NRF).

Moreover, the problem is growing. For the first time, 100 percent of the retailers surveyed by the NRF said they have been victims of organized retail crime, up from 97 percent in 2015. In addition, 83 percent of the retailers surveyed reported an increase in ORC year-over-year. Read more

Loss Prevention Tech Trends for 2016

Loss Prevention Tech Trends for 2016When it came to loss prevention back in the day, retailers hired security guards, off-duty police officers, or other such folks to catch criminals trying to rip off their stores. The effectiveness of a retailer’s business security was mainly judged in terms of the number of arrests its security personnel made.

Times have changed, however. Now the name of the game is “loss prevention,” minimizing retail loss rather than making a lot of arrests. To that end, retailers are turning to innovative technology to help them mitigate theft and fraud.

Here are the four trends in “asset protection technology” for 2016, according to the Retail Industry Leaders Association (RILA).

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4 Holiday Retail Loss Prevention Tips

4 Holiday Retail Loss Prevention TipsThe holiday season is the busiest and most profitable time of the year for retailers. It’s also a busy and profitable time for criminals.

Shoppers are flooding the malls, big box stores, and smaller neighborhood shops looking for just the right gifts for family and friends. With all the extra foot traffic, businesses must be extra vigilant, paying particular attention to thwarting shoplifters, which may include employees.

Here are four holidays loss prevention tips to help you protect your bottom line:

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Shoplifting Epidemic in Massachusetts – Is Your Business Security System Ready?  

Business Security System - Shoplifting EpidemicWe probably all know someone who pocketed a candy bar or a pack of gum from the local store when they were kids. They probably caught hell from their folks when they did. The truth is today shoplifting is far from a petty crime. In fact, it costs businesses nationwide billions and forces them to consider a business security system upgrade.

Sure, there are still the petty thieves that come in to pilfer what they can and these crimes can add up to some significant losses for businesses. According to the FBI, shoplifting rings are considered major organized crime. We’re talking about sophisticated groups of shoplifters, who case out stores just like banks. They come equipped with floor plans and special foil-lined bags that block the signals of security sensors. Read more