You Searched For "organized retail crime" and got 20 results
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6 mins read
Shoplifting syndicates are costing retailers billions every year. Industry insiders are pointing to the ease of online reselling for helping crime rings thrive.
"They are stealing specific items that they know they can resell online," Jason Brewer, the spokesp…
Áine Cain
1 min read
Walgreens plans to close 5 San Francisco stores, citing rampant shoplifting and 'organized retail crime'
After Walgreens locations in San Francisco struggled with shoplifting for years, the company opted …
Heather Schlitz
2 mins read
Home Depot plans to foil shoplifters with power tools that won't work if they're stolen
"We certainly don't want to affect the 99.5% of our customers who are just there to pick up their h…
Áine Cain
2 mins read
Shoplifting and other inventory loss cost retailers $112 billion last year
External and internal theft accounted for roughly two-thirds of the losses, according to the Nation…
Dominick Reuter
2 mins read
Police say that smash-and-grab robberies at Nordstrom, Louis Vuitton, and Best Buy were organized on social media by groups of people who had never met
The spate of raids has plagued retailers in the US over the past few months, with thieves stealing …
Mary Hanbury
3 mins read
The main reasons retailers are posting weaker profits this year have nothing to do with theft
An analysis by CNBC found losses from retail crime at seven major retailers "pale in comparison to …
Dominick Reuter
4 mins read
Mob-like criminals are getting into organized retail crime. A crackdown is needed before the safety of everyday shoppers is put at risk.
Professional thieves are stealing tons of product from retailers. Without action from lawmakers, th…
Hector Balderas
2 mins read
California authorities say they've busted a ring of professional shoplifters who stole $135,000 worth of merchandise from retailers like Macy's, Abercrombie, and Lululemon
The spate of retail thefts took place across California in Los Angeles, Orange County, Sacramento, …
Áine Cain
3 mins read
How Costco is winning the war against rising retail theft
Retailers like Walmart and Target have raised alarms about losses due to shoplifting. But Costco ap…
Dominick Reuter
2 mins read
More theft, burglaries and even murders are the unexpected side-effects of rising prices, this criminologist warns
Richard Rosenfeld from the University of Missouri–St Louis says soaring inflation will create…
Ryan Hogg
3 mins read
Costco, Lowe's, Best Buy, and Tractor Supply are winning the battle against retail theft in a strikingly similar way
Costco, Lowe's, Best Buy, and Tractor Supply are succeeding in keeping an increase in retail crime …
Dominick Reuter
2 mins read
Walgreens executives say the drugstore chain is losing about 50% more money due to loss and theft than it did prior to 2020
"This is not petty theft," CFO James Kehoe said on an investor call. "These are gangs that actually…
Allana Akhtar
2 mins read
Dick's CEO blames 'alarming' retail theft for a surprising profit drop: 'It's a problem for our entire country'
"It's something that we all need to work together on with our partners, with our trade organization…
Dominick Reuter
2 mins read
Shoplifting numbers for all of San Francisco doubled in September after one Target location changed the method it uses to report the crime
More than a third of the shoplifting incidents reported to the SFPD in September were from the inte…
Dominick Reuter
1 min read
Major retailers say shoplifting is a huge problem. So at least one is now considering removing brand names from its shelves altogether.
To prevent shoplifting, some retailers are putting products under lock and key. Others are pulling …
Katie Balevic
2 mins read
The CEOs of Target, Kroger, and Best Buy say anonymous online vendors are selling stuff that was stolen from their stores and they are asking Congress to step in
Major US retailers have said they have seen cases of organized retail crime climb in the past few m…
Francis Agustin
2 mins read
Smash-and-grab robberies are out, organized cargo theft is surging up 57% higher than last year, and the thieves are targeting your Nikes
Thieves stole over $44 million in retail cargo in Q2 of 2023, pilfering an average shipment value o…
Katherine Tangalakis-Lippert
3 mins read
'Imitation is certainly a large part' of what's going on with the wild spree of smash-and-grab robberies, crime expert says
Mobs of robbers have made off with hundreds of thousands of dollars worth of merchandise in a span …
Katie Balevic,Taylor Ardrey
1 min read
Coordinated smash-and-grab robberies are 'traumatic experiences' for Best Buy workers, and could worsen the company's labor challenges
Armed and coordinated burglaries are on the rise at Best Buy stores and that has workers concerned …
Dominick Reuter
1 min read
Best Buy falls 17% as wave of organized retail theft hits the big box electronics chain, squeezing profit margins
"We are definitely seeing more and more organized retail crime and incidence of shrink in our locat…