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Cabela's sets up team to tackle organized retail crime
22 Mar '12
2 min read
Cabela's, a direct marketer and specialty retailer of outdoor wear, has constituted investigation teams to tackle organized retail crime (ORC) at its 38 stores across North America.
The company decided to form a special team after it found that it is losing a substantial sum to ORC, and thus affecting its profitability.
Outlining how ORC is affecting Cabela's retail business, Mr. Brad Dykes, Director Asset Protection, Cabela's, told fibre2fashion, “The impact of ORC on retail chains is often underestimated. We have observed a demand in the gray/black markets for some of our product offerings. This demand gives rise to sophisticated criminal groups willing to target us to obtain these products by illegal theft and fraud activity.”
Informing about steps taken by Cabela's to combat ORC, he says, “While we have targeted ORC for several years with in-store asset protection programmes, we have in earnest initiated additional measures through our investigation team to collect information and develop more comprehensive approach to the identification, prevention and resolution of ORC targeting our business.”
Briefing further about the special investigation team, he avers, “This team is comprised of two primary functional groups. These groups support retail stores and e-commerce. The two groups collaborate with law enforcement and the retail industry to develop investigation resolutions that target the demand source for theft activity, more commonly known as a fence.”
The company decided to form a special team after it found that it is losing a substantial sum to ORC, and thus affecting its profitability.
Outlining how ORC is affecting Cabela's retail business, Mr. Brad Dykes, Director Asset Protection, Cabela's, told fibre2fashion, “The impact of ORC on retail chains is often underestimated. We have observed a demand in the gray/black markets for some of our product offerings. This demand gives rise to sophisticated criminal groups willing to target us to obtain these products by illegal theft and fraud activity.”
Informing about steps taken by Cabela's to combat ORC, he says, “While we have targeted ORC for several years with in-store asset protection programmes, we have in earnest initiated additional measures through our investigation team to collect information and develop more comprehensive approach to the identification, prevention and resolution of ORC targeting our business.”
Briefing further about the special investigation team, he avers, “This team is comprised of two primary functional groups. These groups support retail stores and e-commerce. The two groups collaborate with law enforcement and the retail industry to develop investigation resolutions that target the demand source for theft activity, more commonly known as a fence.”
Fibre2fashion News Desk - India
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