Robbery and burglary have always been big battles for retailers large and small. Thieves stealing inventory without paying dramatically affects a retailer’s bottom line. And it takes on a whole new dimension when it becomes an organized effort to steal large amounts of merchandise to later be sold to other retailers or consumers, at flea markets or online. According to the National Retail Federation, organized retail crime (ORC) costs the retail industry $30 billion every year and the problem continues to grow.
Not only is ORC on the rise, but retail theft rings are becoming bolder and more aggressive making it increasingly dangerous for shoppers and employees. It has become not only a financial risk, but also a health and safety threat. That makes it more important than ever for retailers to look at ways to discourage theft. Fortunately there are a number of things retailers can do to make their stores less attractive to organized gangs.