Organized retail theft/crime a growing problem

As honest retailers and small businesses struggle to stay afloat in today's tough market, it doesn't help that a growing number of dishonest individuals are relying on organized retail crime to make ends meet.

As honest retailers and small businesses struggle to stay afloat in today's tough market, it doesn't help that a growing number of dishonest individuals are relying on organized retail crime, such as theft and burglary, to make ends meet.

According to a recent National Retail Federation survey of 129 retail companies, an astounding 94.5 percent of respondents reported that they have been the victim of organized retail crime within the past 12 months - the highest level in the survey's six-year history.

"Organized retail crime affects virtually every single retailer in America, impacting everything from the bottom line to the safety of people in the stores," said NRF Senior Asset Protection Advisor Joe LaRocca. "As criminals become more brazen, retailers are working fervently to cut down on organized retail crime activity in order to ensure the safety of their associates and shoppers."

An additional 84.8 percent of respondents reported they believe retail crime activity has increased within the past three years.

Moreover, the report indicates how important it is for businesses to safeguard their operations and ensure the loyalty and honesty of their employees, who are often cited as being in collusion with thieves.