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