Shoplifting incidents, losses rise dramatically
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"Organized retail crime activity begins with the initial act of stealing merchandise or goods from retail stores, the supply chain and online environments," said David Johnston, NRF VP of asset protection and retail operations. "Many of these thefts and crimes involve an organization buying the stolen goods and selling them back into the retail environment or direct to consumers."
The survey also tracked a number of other crime- and violence-related issues affecting retailers:
- Nearly all (94%) respondents believe federal legislation is needed to effectively combat organized retail crime.
- 93% of respondents agreed that the rise of violence-related theft and incidents has made it harder to hire and retain store employees in certain areas or regions of the country. Sixty-nine percent agreed that it even made it harder to hire and retain in areas or regions where violence is less of an issue.
- 84% of respondents say that violence during a crime has become more of a concern in the last year.
- 77% of respondents said that limited law enforcement resources were a challenge in investigations and prosecuting retail theft and fraud, while others cited lack of aggregated theft laws (53%) and felony threshold laws (53%).
- 76% of respondents say the rise in violence-related theft and incidents have forced them to implement measures that negatively impact the customer experience.
- Since 2019, more than 64% of survey respondents have created or added positions or roles within their asset protection or loss prevention teams in response to increases in theft, violence or loss.
- Compared with their last fiscal year, 61% of respondents have increased their budgets in support of technology software and solutions, while 52% have increased capital allocation for LP equipment.
[READ MORE: Walmart reportedly testing body cameras for store employees]