The Rise of Organized Retail Crime at Big Box Stores | Odd Lots
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If you walk into a local pharmacy in New York City, more likely than not, lots of the merchandise is locked behind closed doors as a measure to mitigate shoplifting. So how big is the "retail shrink" problem really? And why are stores willing to sacrifice customer experience to protect their inventory? According to today's guest, the Home Depot's VP of Asset Protection Scott Glenn, shoplifting is just the tip of the iceberg when it comes to retail theft; what is really bedeviling companies like the Home Depot is something called organized retail crime, heists by criminal outfits that seek to nab large quantiles of merchandise that eventually ends up in the black market. Today, we speak with Glenn about the in-and-outs of organized retail crime, the retail shrink Watch Bloomberg Vodcasts: https://www.youtube.com/playlist?list=PLe4PRejZgr0MS0Tqk_zQl1LVVTdWuH2Di Watch more Odd Lots episodes: https://www.youtube.com/playlist?list=PLe4PRejZgr0OJbRzA6nWybYiThLJd_ouz Bloomberg's Joe Weisen
Tags: Joe Weisenthal, Stanford University, Tracy Alloway
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