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Article: Organized retail crime flourishing during recession.
- Article from:
- The Food Institute Report
- Article date:
- June 29, 2009
CopyrightCOPYRIGHT 2009 The Food Institute. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Retail stores are increasingly becoming targets of organized retail crime groups as 92% of retailers report their companies were victims of organized retail crime this year, a rise of 8% over the previous year, according to the NATIONAL RETAIL FEDERATION's (NRF) fifth annual Organized Retail Crime survey of 115 companies. Some 73% also stated that the level of organized retail crime activity increased over the past 12 months, 11% more than in 2008. NRF Senior Asset Protection Advisor Joe LaRocca believes that the economy is playing a significant role in the jump in retail theft, and organized retail crime rings realize the opportunities in retail theft as consumers look ...