Tag: ORC

National Retail Security Survey Highlights ‘Burgeoning Threat’ of ORC

Retail shrink, when taken as a percentage of total retail sales in 2021, accounted for $94.5 billion in losses last year, up from $90.8 billion in 2020, according to the 2022 National Retail Security Survey released by the National Retail Federation. Organized retail crime (ORC), a critical component of that shrink, is a growing challenge both for […]

New Report Tackles Organized Retail Crime, a ‘Growing Threat’ in the U.S.

Homeland Security Investigations (HSI) and the Association of Certified Anti-Money Laundering Specialists (ACAMS) have formed a partnership and published a report to help combat organized retail crime, the large-scale theft of retail merchandise with the intent to resell items for financial gain, which has become an increased threat to public safety and economy. In fact, […]

Retail Smash-and-Grab Robberies Surge Amid Holiday Season

A recent spree of “smash-and-grab theft,” a category of organized retail crime (ORC), in major U.S. cities has retailers and shoppers on alert this holiday season. The size, audacity, and violence of incidents in Los Angeles, San Francisco, and Chicago have drawn major media attention; however, ORC has been a growing threat for decades. The […]