363
Fashion Jobs
UNDER ARMOUR
Associate, HR Administration
Permanent · SEOUL
ARKET
Visual Merchandising Manager
Permanent · BUSAN
PUIG
Marketing Manager
Permanent · SEOUL
JAEGER
[Jaeger Lecoultre] Marketing & Communication Director
Permanent · SEOUL
ESTÉE LAUDER COMPANIES
Corporate Account Executive For Travel Retail Korea, Estee Lauder Companies
Permanent ·
ESTÉE LAUDER - BRAND
Assistant Education Manager, Estee Lauder
Permanent · SEOUL
L'OREAL GROUP
[l'Oreal Korea] Luxe Div. - Lancome E-Commerce Specialist
Permanent · SEOUL
COS
Instore Visual Merchandiser Manager_seoul/Gyeonggi
Permanent · SEOUL METROPOLITAN AREA
AESOP
Shinsegae Gwangju - Retail Consultant
Permanent · GWANGJU
COACH
Manager, Ecommerce
Permanent · SEOUL
ADIDAS
Manager, Business Planning & Analysis, Wholesales
Permanent · SEOUL
HENKEL
Adhesive Key Account Manager For Sports And Fashion Market
Permanent · BUSAN
HENKEL
Consumer Brands General Manager Assistant
Permanent ·
HYPEBEAST
Brand Partnership Manager
Permanent · SEOUL
ADIDAS
Manager, Retail Marketing - Originals, Brand Adidas
Permanent · SEOUL
ADIDAS
Manager, bu - Football Apparel, Brand Adidas
Permanent · SEOUL
SWAROVSKI
District Manager (Travel Retail)
Permanent · SEOUL
SHISEIDO
E-Key Account Manager, Cosmetics&Fragrance (Korean Only)
Permanent · SEOUL
ADIDAS
sr. Manager, Process Excellence & Analytics, Scm
Permanent · SEOUL
ADIDAS
Director, Performance Management/s&op
Permanent · SEOUL
LEVI'S
DTC Assistant Marketing Manager
Permanent ·
AMORE PACIFIC
[경력] '24년 Amorepacific_기술기획 직무 채용
Permanent ·
Published
Nov 20, 2018
Reading time
2 minutes
Download
Download the article
Print
Text size

Organized retail crime hits a new high according to NRF study

Published
Nov 20, 2018

The rate of organized retail crime (ORC) has hit a record high according to a new National Retail Federation (NRF) study, with losses averaging $777,877 per $1 billion in sales and nearly three-quarters of retailers surveyed reporting an increase in the past year.


ORC typically targets items that can be easily stolen and quickly resold, like deodorant and infant formula. However, high-end goods like designer clothing and handbags, top-shelf liquor and cellphones also made the top of the list. - facebook.com/CFPacificCentre


In their 14th annual ORC study, the NRF found that 92 percent of companies surveyed had been a victim of ORC in the past year, while 71 percent said ORC incidents were on the rise. This year's total sales loss per $1 billion marks a seven percent increase from last year's record high of $726,351.

The report showed that most theft occurs online and in physical stores, while 29 percent of ORC occurs in the form of cargo theft. Additionally, eight percent out of an estimated 11 percent total item returns are expected to be fraudulent. 

According to retailers, this new peak has been caused by the ease of committing theft online, from selling stolen goods to gift card fraud, in addition to brick-and-mortar staff shortages. Meanwhile, several state laws increasing the monetary threshold for felony theft charges have seemingly encouraged more theft, as larger quantities can be stolen while only risking a misdemeanor.  

The NRF reported that ORC typically targets items that can be easily stolen and resold, like razors, deodorant and infant formula. However, high-end goods like designer clothing, handbags, top-shelf liquor and cellphones also made the top of the list. 

While 34 states have ORC laws, there is currently no federal protection to facilitate convicting retail criminals who operate across state lines. 

According to the NRF, the top five cities for ORC are New York City, Los Angeles and Miami, while Chicago and Houston tie for fourth place, followed by San Francisco/Oakland. 

 

Copyright © 2024 FashionNetwork.com All rights reserved.