The U.S. National Retail Foundation (NRF) reports that its members have once again cited organized retail crime (ORC) as one of the biggest threats to their business. Genetec Inc. shared guidance for retailers on protecting their customers, staff and business as they head into the holiday shopping season.
According to NRF’s 2023 National Retail Security Survey, 67 percent of retailers noted an increase in ORC-related violence and aggression compared with 2022. A recent Coresight Research report stated that consumers are worried too, with 73 percent concerned that retailers will raise prices to cover the cost of retail theft, and 56 percent fearing that stores in their communities could be closed due to rising retail crime.