Ulta Beauty CEO Dave Kimbell shared the company’s first-quarter results on Thursday (May 25), highlighting a 12.3% increase in sales compared to the previous year. Same-store sales also experienced a positive growth of 9.3% over the previous year. Despite the positive results, the beauty retailer...
Everyday consumer goods are the primary target of organized retail crime (ORC) rings. Eighty-one percent of ORC groups focus on everyday consumer goods while only 11% target luxury goods, the National Retail Federation (NRF) said in a Friday (April 14) report. ORC groups have found...
In an organized retail crime (ORC) survey, the National Retail Federation found that 92 percent of respondents were victims of the practice in the past year. And nearly three-quarters — or 71 percent — of companies said that incidents were on the rise, the federation...
September 26, 2023
Retail crime has become a growing concern for retailers in the United States, with incidents on the rise and significant financial losses being incurred. Shrink accounted for $112.1 billion in losses in 2022, up from $93.9 billion the previous year, the National Retail Federation (NRF) said in a Tuesday (Sept. 26) press release. “Retailers are seeing unprecedented levels […]
April 14, 2023
Everyday consumer goods are the primary target of organized retail crime (ORC) rings. Eighty-one percent of ORC groups focus on everyday consumer goods while only 11% target luxury goods, the...
November 20, 2018
In an organized retail crime (ORC) survey, the National Retail Federation found that 92 percent of respondents were victims of the practice in the past year. And nearly three-quarters —...
