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You Searched For "organized retail theft" and got 20 results


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Business Insider Latest Story Image
3 mins read

Why we don't actually know whether retail theft is a big problem

Data on retail theft is lacking — and what we do have shows it's declined. Still, laws on theft are…

Alex Bitter   


Business Insider Latest Story Image
4 mins read

Retail theft has become a scapegoat

Retailers such as Target and Walgreens have cumulatively reported billions of dollars in losses fro…

Alex Bitter   


Business Insider Latest Story Image
2 mins read

What is retail shrink, and how does it differ from theft?

Discover the meaning behind retail shrink. This definition refers to the loss of products at retail…

Alex Bitter   


Business Insider Latest Story Image
4 mins read

Shoplifting's biggest enablers might be the retailers themselves

Retailers keep talking about the scourge of shoplifting. But their own staffing shortages and polic…

Alex Bitter,Dominick Reuter   


Business Insider Latest Story Image
1 min read

A retail group said organized retail crime accounted for 'nearly half' of 2021's $94.5 billion inventory loss. It didn't.

The number was based on an advocacy group's estimate that organized retail crime cost retailers $45…

Dominick Reuter   


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3 mins read

The main reasons retailers are posting weaker profits this year have nothing to do with theft

An analysis by CNBC found losses from retail crime at seven major retailers "pale in comparison to …

Dominick Reuter   


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1 min read

LA Sheriff says it busted a retail crime ring with millions of dollars of stolen medication and personal care products

LA officials arrested eight in connection with a crime ring they say stole millions of dollars of i…

Dominick Reuter   


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3 mins read

How Costco is winning the war against rising retail theft

Retailers like Walmart and Target have raised alarms about losses due to shoplifting. But Costco ap…

Dominick Reuter   


Business Insider Latest Story Image
3 mins read

Costco, Lowe's, Best Buy, and Tractor Supply are winning the battle against retail theft in a strikingly similar way

Costco, Lowe's, Best Buy, and Tractor Supply are succeeding in keeping an increase in retail crime …

Dominick Reuter   


Business Insider Latest Story Image
2 mins read

Dick's Sporting Goods plunges 25% after it says retail-theft crime wave lowered profits

"Organized retail crime and theft in general is an increasingly serious issue impacting many retail…

Matthew Fox   


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2 mins read

Dick's CEO blames 'alarming' retail theft for a surprising profit drop: 'It's a problem for our entire country'

"It's something that we all need to work together on with our partners, with our trade organization…

Dominick Reuter   


Business Insider Latest Story Image
1 min read

A Florida pastor has been accused of running an organized retail crime ring and hawking $3 million worth of stolen items online

Robert Dell used his former positions as a pastor and director of a halfway house to manipulate peo…

Kwan Wei Kevin Tan   


Áine Cain   


Business Insider Latest Story Image
2 mins read

Smash-and-grab robberies are out, organized cargo theft is surging up 57% higher than last year, and the thieves are targeting your Nikes

Thieves stole over $44 million in retail cargo in Q2 of 2023, pilfering an average shipment value o…

Katherine Tangalakis-Lippert   


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3 mins read

San Francisco mayor vows to crack down on violence and crime that 'destroyed our city'

San Francisco's mayor announced plans to address drug use, break-ins, and violence as some resident…

Associated Press,Heather Schlitz   


Business Insider Latest Story Image
2 mins read

$100,000 of goods were stolen from Home Depots across Florida in an organized self-checkout barcode-switching scheme, the state's attorney general says

Three people face charges over claims they switched barcodes on nearly 300 buckets of a roofing pro…

Grace Dean   


Business Insider Latest Story Image
2 mins read

Lowe's CEO says the solution to rising theft is clear: hire and train more workers

CEO Marvin Ellison said retail theft won't likely have a material impact on the company this year, …

Dominick Reuter   


Business Insider Latest Story Image
1 min read

Walgreens plans to close 5 San Francisco stores, citing rampant shoplifting and 'organized retail crime'

After Walgreens locations in San Francisco struggled with shoplifting for years, the company opted …

Heather Schlitz   


Business Insider Latest Story Image
5 mins read

Organized retail crime has ballooned into a $100 billion problem — and store employees are dying over it

Organized retail crime isn't as simple as a shoplifter pocketing a product. Criminal groups steal m…

Avery Hartmans,Ben Tobin   


Business Insider Latest Story Image
1 min read

Organized retail thieves' most-wanted list: Survey reveals which items are most likely to be stolen from stores

Walmart, Target, Walgreens, CVS, Lowe's, Home Depot, and more have been sounding the alarm on growi…

Ben Tobin