Organized Retail Crime Plagues Retail
Minneapolis, Organized retail crime continues to be a major problem across the retail landscape. According to the National Retail Federation’s (NRF) 2006 Organized Retail Crime Survey, released on Monday at NRF’s Loss Prevention Conference in Minneapolis, 81% of loss-prevention executives indicated their company has been a victim of organized retail crime.
Nearly everyone surveyed (93%) said displayed concern about organized retail crime activity and the belief that the problem is getting worse, not better. Of those polled, 41% said organized crime was a significant or severe issue, compared to only 30% of respondents last year.
“As more criminals become involved in organized theft rings, it could become increasingly violent and unpredictable,” said Joseph LaRocca, VP of loss prevention, NRF. “We are grateful for the law enforcement and legislative initiatives that are working with the retail industry to crack down on organized retail theft.”
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Design Firms Merge
New York City, Design firms Fitch and WalkerGroup announced their intention to form a single multidisciplinary firm, with a name yet to be determined. The firms, which are both in the family of companies owned by marketing communications group WPP Group plc, will keep all of their studios open and combine their expertise and portfolio on a global platform.
WalkerGroup’s New York City and Los Angeles offices will join Fitch’s 18 global studios.
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Amazon.com Launches Emergency Preparedness Store
Seattle, Amazon.com opened its new emergency preparedness store within its existing tools and hardware store, which offers a collection of over 800,000 tools and accessories. With the National Oceanic and Atmospheric Administration predicting a very active 2006 hurricane season, Amazon.com’s new emergency preparedness store hopes to boost sales by offering a single shopping destination for tools, communication devices, first aid supplies, safety equipment and more to coincide with the first day of hurricane season.