As retailers face ongoing margin pressures from a difficult economic environment, many are growing increasingly concerned about the losses they may be accruing from theft from organized crime gangs. A recent Alameda Police Department news release highlighted $75,000 in recovered retailer property as part of a...
How common has refund fraud — or returns fraud — become? So much so that fraudster groups have begun advertising their services on platforms like Reddit, Telegram and TikTok. That’s according to a Thursday (March 14) report by CNBC on the trend, which involves tricking merchants into...
Why do so many shoppers like Target or Walmart? For some, it’s considered a nearby oasis that offers affordable prices on a diverse range of products. From groceries to clothing and electronics, these big format retailers provide a one-stop seamless shopping experience. However, in light...
Retail crime has become a growing concern for retailers in the United States, with incidents on the rise and significant financial losses being incurred. Shrink accounted for $112.1 billion in losses in 2022, up from $93.9 billion the previous year, the National Retail Federation (NRF) said in...
October 09, 2023
Why do so many shoppers like Target or Walmart? For some, it’s considered a nearby oasis that offers affordable prices on a diverse range of products. From groceries to clothing and electronics, these big format retailers provide a one-stop seamless shopping experience. However, in light of recent developments in the retail sector, one may wonder […]
July 24, 2024
Shoplifting surged by 30% in England and Wales over the last year, a government agency reported Wednesday (July 24). Leaders of a retail trade union and a convenience store trade association attributed the increase in part to insufficient police presence and a too-high threshold for prosecuting shoplifters. There were 443,995 shoplifting offenses reported during the […]
March 14, 2024
How common has refund fraud — or returns fraud — become? So much so that fraudster groups have begun advertising their services on platforms like Reddit, Telegram and TikTok. That’s...
September 26, 2023
Retail crime has become a growing concern for retailers in the United States, with incidents on the rise and significant financial losses being incurred. Shrink accounted for $112.1 billion in...
September 15, 2023
Retailers are contending with a growing amount of violence along with the existing challenge of shoplifting. In two recent incidents, employees at retail stores were shot and killed by suspected...
