By KRISTIN VOLK and DANIELLE COHEN
Scripps Howard News Service
Posted September 26, 2011
If you're shopping in a store and have your eye on an iPad 2, a new Slap Watch or any other accoutrement, chances are thieves do, too.
"Organized retail crime," as police call it, has become big business. Last year, theft rings stole an estimated $30 billion worth of retail merchandise that wound up getting sold out of car trunks, online and even to distributors who relay the merchandise back to store shelves.
Shoppers end up bearing the financial brunt, because "it comes back to consumers in the form of higher prices," said Joseph LaRocca, the National Retail Federation's senior adviser of asset protection. Households fork over nearly $400 a year to offset retailers' losses, he said.
The thieves steal what they can sell quickly, targeting popular items such as smartphones and designer bags. But no product is beyond the scope of organized theft rings, law enforcement officials said.
Read the entire article HERE.
Source: http://www.tdcaa.com/issues/organized-retail-crime-30-billion-business-nationwide
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