Target executive: Organized retail crime surging, forcing store closures

Former Target executive Gerald Storch says theft and organized retail crime are threatening safety and business performance, causing Target to close stores.
Storch says the internet and social media are accelerating organized retail theft by helping gangs coordinate and creating a marketplace to quickly fence stolen goods.
Sophisticated criminal operations with layers of distribution make it hard to pin down the source of stolen merchandise.
Recent looting incidents in Philadelphia and nationwide show the scale of the problem facing retailers.
Storch argues going after organized crime rings nationally is key, since the profit potential drives criminals to continue stealing.

foxbusiness.com

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