Department Stores, Loss Prevention and Shrinkage

Organized Retail Crime is on the Rise, but AI Can Stop This Troublesome Trend

Retail TouchPoints

NOVEMBER 7, 2023

According to the 2022 Organized Retail Crime Survey from the National Retail Federation, in partnership with Appriss Retail and the Loss Prevention Research Council, for every $1 billion in revenue that a U.S. retailer makes, more than $700,000 is lost due to ORC. The report also found that there was a 26.5%

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More than plexiglass: Experts weigh in on rising retail crime rate in US

Inside Retail

MAY 25, 2023

Factoring in the roughly US$700 million of inventory shrinkage that occurred in 2022, mainly attributed to retail crime, the company is on track to lose up to a total of US$1.2 billion due to organised retail crime over the past two years alone. It’s the best move they can make,” he noted.

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Experience Retail Today

Organized Retail Crime is on the Rise, but AI Can Stop This Troublesome Trend

More than plexiglass: Experts weigh in on rising retail crime rate in US

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