Christopher J. McGourty’s Post

Retail theft surges 93 percent since 2019, with rising violence concerns: New industry study reveals dramatic increase in retail theft and unprecedented levels of violence against store employees. #RetailTheft #Shoplifting #CrimeStatistics #StoreSafety #RetailIndustry

Alarming statistics reveal a concerning rise in retail violence and theft, impacting our store associates, AP associates, and customers. The heightened levels of violence demand immediate attention. If your business is experiencing shopping cart loss, don't hesitate. Utilize our technology solutions to safeguard your associates from violence and prevent further losses. For the cost of one security guard annually, you can invest in a comprehensive Purcheck system that offers long-term protection. Consider where you want to allocate your resources . [Read more about the increase in shoplifting incidents here](https://lnkd.in/eYb5eSbK) #Assetprotection #lossprevention #organizedretailcrime #rationalizeyourspend #CEO #CFO #shrinkmanagement #safety #safeness

I ran across this recent study & the data is pretty much in line with the challenges being described to us by prospective retail clients. Some highlights: - Increase in Shoplifting: Retailers reported a 93% increase in shoplifting incidents and a 90% increase in dollars lost due to shoplifting from 2019 to 2023. - Violence and Aggression: 73% of retailers observed more violence and aggression from shoplifters compared to the previous year, and 91% compared to 2019. - Employee Training: 71% of retailers have increased their budgets for employee training related to workplace violence. - Organized Retail Crime (ORC): Multi-person theft incidents and ORC are on the rise, with a 57% increase in ORC incidents from 2022 to 2023. - Federal Legislation: 94% of respondents believe federal legislation is necessary to combat organized retail crime effectively. Feel free to reach out if you're looking for help/advice to address similar issues. #lossprevention #shoplifting #theftdeterrence #ORC

As retailers grapple with shrink and theft, the data used to measure these issues is becoming increasingly unreliable, and we're left with more questions than answers. While organized retail crime, shoplifting, and cargo theft remain concerns, self-checkout policies, locked merchandise, and loss prevention strategies are evolving in response. With fewer retailers reporting shrink data and changing public policy, what’s next in the fight against retail crime? #RetailCrime #Shrink #LossPrevention #RetailTrends #OrganizedRetailCrime #RetailNews

Stores have seen a significant rise in crime, with retail theft and losses nearly doubling from pre-pandemic levels, according to a recent industry report. The National Retail Federation and nonprofit Loss Prevention Research Council revealed that retailers surveyed reported a 93% increase in the average number of annual shoplifting incidents from 2019 to 2023. This data underscores the challenges faced by stores in combating theft and maintaining security.

🔒With Loss Prevention a critical priority for retailers, we've been talking to Retail Focus about the innovative product solutions were designing to deter criminals and make theft significantly more challenging. Reach out to learn more about how Harrison Retail can support you [email protected] #RetailSecurity #LossPrevention #Innovation #RetailSolutions

Kamikaze Shoplifting? I learned a new term today! UK Retailers say "Shoplifters 'out of control' and becoming more brazen." A style of shoplifting now known as Kamikaze Shoplifting where criminals are openly clearing shelves of product in full view of shoppers is sweeping the UK according to a new article by the BBC. Journalists Cherry Wilson and Jim Connolly's recent BBC piece describes a shocking rise in reported theft incidents in the #retail space. They note, "In the 12 months to September last year, incidents of customer theft reported by retailers in the UK rose by 3.7 million to 20.4 million, and cost retailers £2bn." Wow. And violence and abuse incidents towards shopworkers occurred on average 2,000 times a day, a 50% increase yoy. Keeping retail staff safe while partnering w/ local law enforcement's investigative efforts has never been more important. That's why our mission of Solving for Safer here at Motorola Solutions has never been more urgent. From Body Worn Cameras like our V200 to Panic Buttons and Incident Mangement / Investigation / Crisis Management solutions like Noggin we are deeply committed to helping the retail industry provide safer workplaces for employees and shoppers. I am excited to get out of bed every day trying to solve challenges like this. See the full article here: https://lnkd.in/gvahT6rr #retail #organizedretailcrime #orc #shoplifting #incidentmanagement #employeesafety #workersafety #bodyworncameras #lossprevention Loss Prevention Research Council (LPRC) Clay Cassard James Boddam-Whetham Cynthia Wulff Jeremiah Nelson Joe Brady Jehan Wickramasuriya Britt Lincoln Charlie Forsyth Chris Firth ☁"Chip" G.K. Orton III, MBA, CPM, CEM, TEM

Battling retail theft and shrink with TSA-type exits?! Grocers are deploying different strategies to battle shrink, with technology, or people. 🕵♂️ Lidl GB is trying body worn cameras on their employees 🕵♂️ Woolworths NZ Auror’s Retail Crime Intelligence Platform works alongside stores’ security teams and law enforcement and shares intel in real-time that zeroes in on suspected thieves to help minimize crime.  🕵♂️ Loblaw Companies Limited requires customers to scan their receipts before exiting the store to prove that they have paid for all their items, or the gates don't open...like TSA Chris Walton Joe Coll The Auror solution resulted in 60% of high-profile offenders who stopped offending in stores and reducing loss by 20%. The Loblaws Inc TSA-type solution in running into some resistance with their customers (understandable), but exits and point of sales areas need to be "reimagined" to incorporate both security and less friction for the customer. RETHINK Retail Read Hayes, PhD Chad McIntosh Cory Lowe Bill Hardgrave Jonathan Aitken Greg Buzek Hitha Herzog John-Pierre Kamel Sharon Gai 🦾

🔒 How are you safeguarding your retail business against the growing threat of organized crime rings and the significant financial losses incurred through retail theft? Executives are sounding the alarm on the financial repercussions and operational challenges brought about by these criminal activities targeting stores. From stolen merchandise to lost revenue, the effects of retail theft are far-reaching and costly. 💸 The numbers don't lie - theft costs businesses billions of dollars each year. Retail theft is not just a problem for businesses, it's a problem for all. We support retailers in their efforts to combat theft, we can help protect our communities and ensure a safer shopping experience for everyone. Contact us: [email protected] 🛡️ #scorpionsecure #retailsecurity #eliminatetheft https://hubs.li/Q02spvJV0