Thursday, January 7, 2010

Retail Survey Shows Crime Increases Tied to Economy: Is this the time to add security?

Retail Survey Shows Crime Increases Tied to Economy:
Is this the time to add security?

-The Retail Industry Leaders Association (RILA) today released the Current Crime Trends Survey, revealing evidence that crimes against retailers are trending upward in correlation with the down economy.

The survey examines the observations from 52 of the largest and fastest growing retailers in the US, ranging from grocery, drugstore, and mass merchant to specialty apparel, electronics and appliances, and fabric and craft retail. Focusing on the time period associated with the current economic downturn, the survey seeks to identify corresponding trends in unlawful activity.

The report concludes that crimes of opportunity as well as more sophisticated organized retail crime (ORC) are on the rise across all retail segments.
Key findings include:
84% report an increase in theft/amateur shoplifting
76% report an increase in financial fraud
80% report increases in organized retail crime
77% of specialty retailers report increases in ORC

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contact@cradle.com

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