Retailers are facing an alarming rise in organized retail crime which is reason enough to install a clothing security system.
The National Retail Federation (NRF) recently reported in their annual Organized Retail Crime (ORC) survey that 85% of retailers said their company has been a victim of organized retail crime within the 12 months. The fourth annual survey also uncovered that 66% of retailers have noticed an increase in organized retail theft activity in the past 12 months.
These organized retail crime rings sell the stolen merchandise at flea markets or online. According to the NRF survey 68% of retailers in the study identified or recovered stolen merchandise and/or gift cards from a fence location. And 63% also say they’ve identified or recovered stolen merchandise from an e-fencing operation.
114 retailers representing all sectors of the industry including drug, supermarket, general merchandise, home improvement, apparel, department and specialty stores participated in the survey.
The most commonly used clothing security among large retailers is an EAS or electronic article surveillance system. Checkpoint Security Systems has 57% of the market in this area utilizing the latest RF or radio frequency technology. The system involves antennas installed in entry/ exit points that pick up protected merchandise which is tagged with Checkpoint tags or checkpoint labels.