Organized retail criminals make about 30 cents on the dollar when they resell their stolen merchandise, says Joe LaRocca, vice president of loss prevention for the National Retail Federation. They “shop” for products that are highly desirable by the general population. When demand is high, consumers look for deals — exactly like the ones criminals will offer at their resale sites — and snap up the “bargains.”
Often, LaRocca says, drug users are involved in organized retail criminal activity, and violence can result if the criminals are confronted. For that reason, he says, it is wise for retailers to work with law enforcement for training in how to respond to organized retail crime.
They use tools to successfully steal merchandise from stores. “They’ll bring in foil-lined bags,” La Rocca says, so that the inventory control tags on merchandise don’t set off an alarm, “and in one case, they used foil-lined socks.”
Now there’s a silver lining that is tarnished.