The U.S. National Retail Foundation (NRF) reports that its members have once again cited organised retail crime (ORC) as one of the biggest threats to their business. Genetec Inc., a pioneering technology provider of unified security, public safety, operations, and business intelligence solutions, shared guidance with retailers on protecting their customers, staff, and business as they head into the holiday shopping season.
According to NRF’s 2023 National Retail Security Survey, 67% of retailers noted an increase in ORC-related violence and aggression compared with 2022. A recent Coresight Research report found that consumers are worried too, with 73% concerned that retailers will raise prices to cover the cost of retail theft, and 56% fearing that stores in their communities could be closed due to rising retail crime.
