In recent quarters, retailers have been quick to decry shoplifting and organized crime rings as a hindrance to profit growth. Just last week, Target said it would close nine stores in four major ...
When every drop counts, track every drop. Fuel accounts for about 24 percent of a fleet’s annual budget, and keeping each vehicle’s tank full is no small cost. For example, on average one Class 8 semi ...
More than a dozen incidents of internal data theft consisting of over 5 million consumer and employee identities were reviewed by ID Analytics fraud analysts. Of these, eight incidents ultimately led ...
There’s a growing trend throughout America’s retail industry related to retail shrink – the loss of inventory through process control failures, theft and damages, and the Virginia Alcoholic Beverage ...
More than 10 months after Lancaster County District Attorney Heather Adams announced that $150,000 of drug forfeiture money is missing as the likely result of an internal theft, the investigation ...
This is part two of a three-part series on organized retail crime. The stories will examine the claims retailers make about how theft is impacting their business and the actions companies and ...
DENVER (CBS4) - Colorado's American Legion headquarters, which supports military veterans and their families, has been hit by a "significant" internal theft likely totaling more than $125,000, ...
Unwatched, time and product walk away from supermarket and wholesale grocery distribution centers daily. This unmanaged loss, which can run into millions for the entire industry, does not go unnoticed ...
When Gail Waymire was indicted on charges of embezzling from local public television station WFWA, the allegations made news for days. Such crimes tend to make headlines, more so than when an employee ...
More than ever before, retailers are turning to technology to combat the plague of internally caused shrink. Generally speaking, the retail term "shrink" refers to loss. This loss can take the form of ...
Retailers who have blamed organized theft for lower profits could be overstating the crime's impact to cover up internal flaws such as steep discounting and bloated inventories, experts told CNBC.