Top 10 cities for organized retail crime
Washington, D.C. — Atlanta, Chicago and Dallas were identified as the cities most problematic with regard to organized retail crime (ORC) rings, according to the National Retail Federation’s seventh annual Organized Retail Crime survey. Of the 129 retail companies, 94.5% reported having been the victim of organized retail crime in the past 12 months, up 6% over last year.
The cities most problematic for ORC rings were:
- Las Vegas
- Los Angeles
- Miami, FL
- New York, NY/Northern NJ
Loss-prevention executives say senior leadership is more likely to understand how organized retail crime impacts the company’s bottom line.
Over half of survey respondents (58.3%) believe their top management understands organized retail crime, up 16% over last year. As a result, many companies are allocating additional resources – including more personnel and greater investment in technology – to combat the problem.
The 2011 NRF Organized Retail Crime survey was conducted from April 19 – May 10, 2011 by the NRF.
Kroger Q1 income up nearly 16%
New York City — Kroger Co. reported double-digit jumps in first-quarter revenue and net income, as the chain’s fuel stations and loyalty discounts helped draw more frequent shoppers.
Kroger said net income rose to $432.3 million, up nearly 16% from $373.3 million, or 58 cents per share, a year ago. Revenue rose 11% to $27.5 billion. Same-sales rose 4.6%, excluding fuel sales.
Kroger has steadily expanded its gas business, now with more than 1,000 store gas stations at its nearly 2,500 stores.
Chicago mayor meets with retailers about food ‘deserts’
New York City — Chicago Mayor Rahm Emanuel met with executives from six grocery chains, including Walgreen Co. Wal-Mart Stores and Aldi about eliminating food “deserts” in six Chicago neighborhoods, the Associated Press reported.
Emanuel showed a detailed map of Chicago food deserts and made business cases to the grocery executives for specific properties in each food desert area. He said 450,000 Chicagoan’s don’t have access to fresh food.
Both Emanuel and the grocery executives talked about obstacles for expansion, including transportation, security, real estate and bureaucracy.