July 31, 2005

Retail Gangs: A New Breed of Thieves

Yahoo! News:

'We're seeing an incredible amount of activity from organized retail theft gangs from the New York area all the way down into Richmond,' said Robert Wade, vice president of loss prevention for Hecht's.

Losses from organized retail theft have topped $30 billion annually, triple what they were a decade ago, according to the National Retail Federation, leading to higher prices, frequent out-of-stock problems and a more cumbersome shopping experience for consumers.




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