Loss Prevention Research Council News

According to the National Retail Federation’s (NRF) latest National Retail Security Survey, retail crime represented $112.1 billion in losses in 2022. To bring attention to this crucial issue, October 26 has been designated as ‘Fight Retail Crime Day’. In support of the NRF’s initiative, Interface Systems offers retailers best practices to fight retail crime. Increase software budgets As retail crime continues to evolve in scope and sophistication, so do retailers&rsqu...

What should be done to stop organised retail crime (ORC)? That’s the big question for retail businesses nationwide, as widespread concerns about ORC have sparked a multitude of strategies spanning everything from state-of-the-art surveillance technology, to advocacy for new state and federal legislation, to products locked up within theft-prevention cases — and, in some extreme cases, even the decision to outright close certain brick-and-mortar locations. Retailers are spending mill...