Friday, December 1, 2017

Retail's War with Organized Crime

In the month of November in London, night-time smash-and-grab thefts targeted Canada Goose, Apple, Mappin & Webb and Louis Vuitton. Last month in the US thieves made away with $11,000 worth of underwear from a Victoria’s Secret store in Illinois, while Louis Vuitton lost $150,000 of merchandise in a raid in Ohio.
In June, robbers in Stockholm drove a tractor through the windows of the Chanel store.
Criminal flash mobs are just the latest problem facing US retailers. Losses amount to more than $30 billion a year for the industry.