Losses From Organized Retail Crime Reach New High

Retail crime is on the rise and losses are skyrocketing. A strong majority of retailers surveyed in the annual Organized Retail Crime study from the National Retail Federation (NRF) said such criminal activity is growing. Losses averaged $777,877 per $1 billion in sales, up 7 percent from last year’s previous record of $726,351. Organized retail…