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Uncategorized June, 5 2008

Organized Retail Fraud on the Rise

Organized Retail Fraud on the Rise

Wgsn is reporting that more US retailers than ever are suffering from organized crime, with the latest National Retail Federation report showing a 6% rise in the number of firms who say they have been targeted in the past year, often by groups of shoplifters stealing a large volume of goods and reselling online, in markets or even in other stores. The survey spoke to 114 loss prevention executives and 85% said they had suffered from organized retail crime compared to 79% a year ago.

The development of auction websites has been a major spur in such organized crime, LaRocca added, with the survey showing 63% of respondents reporting an increase in the sale of stolen products or gift cards using online auction sites and marketplaces. The internet has given criminals “a bigger customer base and lower inherent risk,” he said. Via Wearethemarket.com
Organized Retail Fraud on the Rise

Highsnobiety