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News

Report on organised retail crime available

ASIS International : 27 July, 2009  (New Product)
ASIS produces report on assessing the risks of organised retail crime and developing strategies for its prevention in an effort to stem the crime wave in the United States
Organized retail crime (ORC) poses a significant threat to the economic welfare of the $4.7 trillion retail industry in the United States. The latest CRISP Report, "Organized Retail Crime: Assessing the Risk and Developing Effective Strategies," commissioned by the ASIS Foundation, states that US retailers lose billions of dollars to ORC each year. ORC affects all segments of the industry, including drug stores, supermarkets and mass merchant chain stores.

During the past decade, according to the CRISP Report, industry leaders and retail associations have increasingly acknowledged ORC as a growing problem, fueled, at least in part, by the emergence of Internet auction sites, lack of effective legislation to increase criminal sanctions for ORC and the ability to reintroduce stolen goods back into legitimate supply chain channels.

Effectively addressing this growing concern requires a comprehensive examination of ORC, its harmful effects, and the industry, legislative and law enforcement initiatives most likely to curtail it. Currently, the CRISP Report authors say no comprehensive source or definitive information to prevent ORC exists.

The report lists some of the "hot" items targeted by organized retail criminals, which are goods that command near-retail resale price. These include designer clothing, teeth whiteners, gift cards, electronics, DVDs, CDs, razor blades, over-the-counter medicines, beauty care items and infant formula.

To view "Organized Retail Crime: Assessing the Risk and Developing Effective Strategies," go to the ASIS Foundation web site.

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