Content about Theft

June 25, 2013

Tyco Integrated Security on Tuesday announced it has teamed up with Perrigo Nutritionals to develop a theft-resistant infant formula container.

BOCA RATON, Fla. — Tyco Integrated Security on Tuesday announced it has teamed up with Perrigo Nutritionals to develop a theft-resistant infant formula container. Baby formula frequently tops the list as one of the most commonly stolen products, and according to last year’s National Retail Security Survey results conducted by the University of Florida, the supermarket and grocery industry had the highest total shrinkage percentages of all retail segments.

October 31, 2012

Shrink costs Canadian retailers almost C$4 billion per year, according to a new report.

TORONTO — Shrink costs Canadian retailers almost C$4 billion per year, according to a new report.

The report, released Wednesday by PwC and the Retail Council of Canada and based on a survey of 34 retailers from across Canada, estimated that retailers in Canada lose about C$10.8 million per shopping day to theft by customers and employees, counting mistakes and organized crime. Cosmetics and fragrances, alcohol and women's clothing were the three most popular items to steal, according to the report.

September 24, 2012

In a statement issued on Monday, the National Association of Chain Drug Stores applauded the U.S. Senate for its passage of the “Strengthening and Focusing Enforcement to Deter Organized Stealing and Enhance Safety Act of 2012,” also known as the “Safe Doses Act” (H.R. 4223 and S. 1002).

ALEXANDRIA, Va. — In a statement issued on Monday, the National Association of Chain Drug Stores applauded the U.S. Senate for its passage of the “Strengthening and Focusing Enforcement to Deter Organized Stealing and Enhance Safety Act of 2012,” also known as the “Safe Doses Act” (H.R. 4223 and S. 1002).  

The bill passed unanimously in the Senate on Sept. 22, and previously passed in the U.S. House of Representatives on June 26.

June 26, 2012

Despite reporting an uptick in organized retail crime, the National Retail Federation revealed that retail theft rates decreased in 2011, according to preliminary results of the organization's latest National Retail Security survey.

NEW ORLEANS — Despite reporting an uptick in organized retail crime, the National Retail Federation revealed that retail theft rates decreased in 2011, according to preliminary results of the organization's latest National Retail Security survey.

June 5, 2012

The number of retailers that fell victim to organized retail crime groups has increased, according to the National Retail Federation's "Organized Retail Crime Survey."

WASHINGTON — The number of retailers that fell victim to organized retail crime groups has increased, according to the National Retail Federation's "Organized Retail Crime Survey."

Of the 125 retail companies surveyed for NRF's eighth annual survey, a record-setting (96%) said their company has been the victim of organized retail crime in the past year, up from 94.5% last year. Another 87.7% said ORC activity in the United States has grown over the past three years.

November 10, 2011

According to the National Retail Federation’s annual Return Fraud Survey, completed by loss-prevention executives at 103 retailers, the retail industry will lose an estimated $3.5 billion to return fraud this holiday season, down from $3.7 billion last year.

WASHINGTON — According to the National Retail Federation’s annual Return Fraud Survey, completed by loss-prevention executives at 103 retailers, the retail industry will lose an estimated $3.5 billion to return fraud this holiday season, down from $3.7 billion last year. Annual return fraud will cost retailers an estimated $14.4 billion in 2011, up slightly from about $13.7 billion in 2010.

October 18, 2011

Shoplifting, employee or supplier fraud, organized retail crime and administrative errors cost the retail industry $41.7 billion in the United States in 2011, representing 1.6% in sales, according to the Global Retail Theft Barometer released Tuesday by Checkpoint Systems.

PHILADELPHIA — Shoplifting, employee or supplier fraud, organized retail crime and administrative errors cost the retail industry $41.7 billion in the United States in 2011, representing 1.6% in sales, according to the Global Retail Theft Barometer released Tuesday by Checkpoint Systems. Of that, $18.4 billion was attributed to employee theft, $14.9 billion to shoplifters, $6.6 billion to internal error and $1.8 billion to suppliers.

October 11, 2011

The problem with shoplifting these days isn’t Little Johnny pocketing a pack of bubblegum, Joe LaRocca, senior asset protection adviser for the National Retail Federation, recently told CNBC’s “Squawk on the Street” during a broadcast interview.

The problem with shoplifting these days isn’t Little Johnny pocketing a pack of bubblegum, Joe LaRocca, senior asset protection adviser for the National Retail Federation, recently told CNBC’s “Squawk on the Street” during a broadcast interview. No, it’s a lot of Little Johnnies who are systematically swiping the entire gum display that’s becoming the problem. 


October 7, 2011

Mom isn't the only one making a shopping list these days. And any of those extreme couponers armed with a pair of scissors, a load of circulars and coupon clippings, and a shopping list of their own, well, they're not the problem, either. The problem is the leaders of organized retail crime units who are making those shopping lists, walking into a store, hitting a display case and walking right back out — all before the manager has a chance to say, "Um, excuse me sir? Can I help you?"

WHAT IT MEANS AND WHY IT'S IMPORTANT — Mom isn't the only one making a shopping list these days. And any of those extreme couponers armed with a pair of scissors, a load of circulars and coupon clippings, and a shopping list of their own, well, they're not the problem, either. The problem is the leaders of organized retail crime units who are making those shopping lists, walking into a store, hitting a display case and walking right back out — all before the manager has a chance to say, "Um, excuse me sir? Can I help you?"

October 6, 2011

More than half of retail respondents to a survey conducted by the Retail Industry Leaders Association recently reported an increase in the frequency with which organized rings committed shoplifting, and 41% saw an increase in shoplifting by individuals acting alone.

ARLINGTON, Va. — More than half of retail respondents to a survey conducted by the Retail Industry Leaders Association recently reported an increase in the frequency with which organized rings committed shoplifting, and 41% saw an increase in shoplifting by individuals acting alone. As many as 64% of respondents reported an increase in theft of pharmaceutical products, according to the 2011 Crime Trends and Leading Practices Survey released Thursday by RILA.

June 15, 2011

A new survey recently conducted by the University of Florida found that retailers lost $37.1 billion in theft last year, up nearly $4 billion from 2009.

BOCA RATON, Fla. — A new survey recently conducted by the University of Florida found that retailers lost $37.1 billion in theft last year, up nearly $4 billion from 2009.

Criminologist Richard Hollinger led the National Retail Security Survey, which was sponsored by security systems integrator ADT Commercial. Hollinger found that employee theft made up the largest portion with $16.2 billion in losses, or more than 43% of the total, followed by shoplifting and organized retail crime, with a loss of $12.1 billion, or almost 33% of the total losses.

March 9, 2011

Sens. Chuck Schumer, D-N.Y.; Jay Rockefeller, D-W.Va.; Amy Klobuchar, D-Minn.; and Sherrod Brown, D-Ohio, introduced new legislation that seeks to curb prescription drug theft through strengthened penalties and additional tools for law enforcement.

WASHINGTON — Sens. Chuck Schumer, D-N.Y.; Jay Rockefeller, D-W.Va.; Amy Klobuchar, D-Minn.; and Sherrod Brown, D-Ohio, introduced new legislation that seeks to curb prescription drug theft through strengthened penalties and additional tools for law enforcement.

If approved, the legislation would:

  • Increase possible sentences for robbing pharmacies of controlled substances;

March 1, 2011

A New Jersey merchant was arrested on charges related to selling goods stolen from a local Rite Aid store, particularly cigarettes, according to published reports.

TRENTON, N.J. — A New Jersey merchant was arrested on charges related to selling goods stolen from a local Rite Aid store, particularly cigarettes, according to published reports.

The Trenton, N.J., Trentonian reported Tuesday that police arrested Ladislao Martinez and charged him with fencing stolen goods, organized retail theft and receiving stolen property, seizing cigarettes, paperwork and cash from his store, the MR Supermarket.

September 30, 2010

The Consumer Healthcare Products Association on Thursday announced its support behind the passage of H.R....

WASHINGTON The Consumer Healthcare Products Association on Thursday announced its support behind the passage of H.R. 5932, the Organized Retail Theft Investigation and Prosecution Act, signaling that it “provides a good first step toward effectively addressing organized retail crime by establishing a dedicated office within the [U.S.] Department of Justice to work with state and local law enforcement.”

 

September 22, 2010

A bipartisan legislation that seeks to prevent organized retail crime is being applauded by the...

ALEXANDRIA, Va. A bipartisan legislation that seeks to prevent organized retail crime is being applauded by the chain pharmacy industry.

The Organized Retail Theft Investigation and Prosecution Act of 2010, introduced by Reps. Bobby Scott, D-Va., and Lamar Smith, R-Texas, would create a specific task force within the Department of Justice to investigate and prosecute instances involving organized retail crime.

February 19, 2008

The National Retail Federation is warning consumers about the potential health risks of health and...