Preview

Organized Retail Shrinkage

Satisfactory Essays
Open Document
Open Document
202 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Organized Retail Shrinkage
Retail shrinkage is the unexplained or unauthorized loss of inventory, merchandise, cash or any other asset from a retail business due to employee theft, shoplifting, organized retail crime, administrative errors and vendor fraud. Organized retail crime has continued to increase in the last year. Criminals are getting more creative in the way they manipulate the retail supply chain. Organized retail crime gangs are using storefronts and the internet to fence stolen goods and retailers are recovering merchandise from a physical location. Organized crime retail has continued to impact retailers at such a large scale that thirty four states have enacted ORC laws in the past year. Until there is are federal laws to combat this increasing criminal

You May Also Find These Documents Helpful

  • Good Essays

    Cardon Carpet Mills Essay

    • 482 Words
    • 2 Pages

    i. In the United States carpet and rug industry, wholesale and retail distribution has experienced several changes. The industry has undergone three distinct changes since the mid-1980s. The first change, which occurred during the mid-1980s, occurred in the form of direct distribution. The largest carpet and rug manufacturers began bypassing floorcovering wholesalers and sell directly to retailers in larger numbers. The second changes, which occurred during the mid-1990s, occurred in the form of wholesale and retail consolidation. Department stores, furniture outlets, and independent retail stores were being replaced by large mass-merchandise and discount stores. This created a new phenomenon among specialty outlets: the buying group. A retail buying group is an organization of similar retailers that combine their purchases to obtain price discounts from manufacturers. The third change, which occurred during the mid-1990s, occurred in the form of forward integration into retailing. Carpet and rug manufacturers announced plans to engage themselves directly…

    • 482 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    Company Q Evaluation

    • 588 Words
    • 3 Pages

    Closing stores in a higher crime rate areas is only counter-productive for the company and the community it serves. In order for these hard hit areas to once again flourished, businesses and organizations need to hold firm and weather the storm. Effectively responding to consumer requests is very minimal at best. When Company Q does choose to respond supply is never matched with demand. Ineffective management practices have led to a disconnect within the communities they serve. Selling high margin requested items eventually leads to poor customer satisfaction. Company Q has no loyalty or trust with its own employees. This self-defeating behavior will only lead to more underperforming stores.…

    • 588 Words
    • 3 Pages
    Satisfactory Essays
  • Best Essays

    One may be asking when did these changes begin, and why did they begin? That brings us to the history of the retail industry and how it has shaped how MNC’s communicate, trade, and conduct business.…

    • 1728 Words
    • 7 Pages
    Best Essays
  • Good Essays

    Cost and Consequences

    • 607 Words
    • 3 Pages

    In order to make a wide variety of goods available at ever-decreasing prices or to maintain profits, retailers rely on low labor costs and working conditions that are often illegal in the United States.…

    • 607 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Retail stores, are one of the biggest and largest businesses around the world. They produce thousands of hundreds in revenues and they are some of the biggest employers industries. WALL-MART, IKEA, TESCO, ARGOS, MACYS, WALLGREENS and OFICCE DEPOT are some of the well-known retail stores that supply us every day with different kind of goods and services. For a better understanding, one of the main definitions of retail is: “...store commonly a shop or stall for the retail sale of commodities, but also a place where wholesale supplies are kept, exhibited, or sold…” What this means is that these stores represent the last stop of a product in what is known as “supply chain”.…

    • 2449 Words
    • 10 Pages
    Powerful Essays
  • Powerful Essays

    Wal­Mart Stores Inc., Target Corp., Best Buy Co. Inc. and Gap Inc., among others, all…

    • 1267 Words
    • 2 Pages
    Powerful Essays
  • Powerful Essays

    Department Store Industry

    • 6327 Words
    • 26 Pages

    Department stores are under the retail industry. They provide various products, which they market for retail. The outlook of the retail industry is currently not that promising. The main reason for this negative outlook for the retail industry is the current level of oil prices, which would inflate the level of cost of inventory associated with the increase in the level of prices of goods that retailers are selling. In fact, the August 30, 2005 surge of oil price per barrel, which reached 70 dollars per barrel, affected the retail industry a lot. The Standard and Poor 's stock price index has shown that the retail industry suffered a lot from the increase in the price of oil (Hovanesian, 2005).…

    • 6327 Words
    • 26 Pages
    Powerful Essays
  • Satisfactory Essays

    Complete the following chart, filling in information for each system used at that Virtual Organization. Add rows to the chart as necessary.…

    • 297 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    The impact of the recession on retailers is yet to be reflected in any of the major surveys of shoplifting. The Centre for Retail Research's Retail Theft Barometer only has figures up to the end of 2007. Those figures show that shrinkage - losses from crime and waste - cost retailers 1.3% of sales in 2007, down from 1.34% in 2006. Even though 2007 was the peak of the boom, the losses were still huge. Customers stole some £1.6bn and employees another £1.3bn. Suppliers took £209m fraudulently. Some £73m was lost through card fraud and another £39m through robberies or burglaries. Retailers lost £666m through waste. The systems and security guards intended to reduce losses cost £785m. The total bill was £4.6bn.…

    • 1620 Words
    • 5 Pages
    Powerful Essays
  • Powerful Essays

    Retail Consolidation

    • 1795 Words
    • 8 Pages

    Introduction Problem Statement TheSolution How Retail Consolidation Works Implementation Summary About Us References 2 3 3 3 5 7 8 9…

    • 1795 Words
    • 8 Pages
    Powerful Essays
  • Powerful Essays

    The main objective of this report is to evaluate the problem faced by Blinds To Go in recruiting the right set of people and developing them in order to achieve the company’s growth objectives. The report starts with a brief summary of BTG wherein there is a discussion about the company’s hiring objectives and the changes made to the compensation structure along with reasons for the same. In order to find more suitable employees, BTG is using several channels of hiring like employee referrals, internet sourcing, newspaper advertising etc.,…

    • 2008 Words
    • 9 Pages
    Powerful Essays
  • Satisfactory Essays

    Retail Strategy

    • 325 Words
    • 2 Pages

    Could a new upscale apparel chain offer that no other chain offers? In many situations,…

    • 325 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Franchises are owned and operated by individuals but are licensed by a larger supporting organization, such as Subway or Quiznos. The franchising approach combines the advantages of independent ownership with those of the chain store organization.…

    • 602 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Theories of Retail Change How Retailers grow, develop, expand, and change • Theories of retail change show patterns in retailing over time… What is useful about looking at the past? Theories of Retail Change…

    • 230 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    Alcohol consumption by young people has a profound effect on our nation, our communities, our families, and our children. Alcohol use by teens is related to traffic crashes, crime, teenage pregnancies, sexually transmitted diseases, suicides, drownings, and poor performance in school.…

    • 9699 Words
    • 39 Pages
    Powerful Essays