Connect with us

Headlines

Illinois AG Forms Task Force to Fight Organized Retail Crime

Law enforcement to work with national retailers impacted by rising theft.

mm

Published

on

Illinois Attorney General Kwame Raoul has announced the formation of an organized retail crime task force, a measure aimed at stymieing the dramatic increase in organized retail crime during the past two years, according to a release from the AG’s office.

The task force is designed to foster cooperation among retailers, online marketplaces, law enforcement agencies and state’s attorneys. It will consult with the Illinois Retail Merchants Association, the Magnificent Mile Association, the Chicago Automobile Trade Association, the Internet Association, as well as national retailers including CVS, Home Depot, Lowe’s, Target, Walgreens and Walmart.

The AG’s release included the following facts and figures:

  • According to the Coalition of Law Enforcement and Retail, organized retail theft accounts for $45 billion in annual losses.
  • Home Depot’s investigations into organized retail crime networks have increased by 86 percent since 2016.
  • CVS has estimated a 30 percent increase in thefts during the pandemic.
  • In 2020, Lowe’s closed 25 organized retail crime cases amounting to $1.3 million in losses, compared to 20 cases amounting to $388,000 in losses in 2019.

“Organized retail crime is a multibillion-dollar-per-year industry, but more important than the financial cost is the danger organized retail crime poses to our communities,” says Raoul. “These brazen, violent crimes are committed by sophisticated criminal organizations that are involved in drug trafficking, human trafficking and other serious crimes. Even during the looting we law last year, we came to understand that some of these criminal acts were not merely opportunistic, but organized in advance.

“The organized retail crime task force will allow investigators and prosecutors in my office to better collaborate with our law enforcement partners and ensure cooperation between law enforcement, as well as retailers and online marketplaces, to protect communities and consumers, and combat the rise in retail crime.”

Advertisement

Advertisement

SPONSORED VIDEO

This Third-Generation Jeweler Was Ready for Retirement. He Called Wilkerson

Retirement is never easy, especially when it means the end to a business that was founded in 1884. But for Laura and Sam Sipe, it was time to put their own needs first. They decided to close J.C. Sipe Jewelers, one of Indianapolis’ most trusted names in fine jewelry, and call Wilkerson. “Laura and I decided the conditions were right,” says Sam. Wilkerson handled every detail in their going-out-of-business sale, from marketing to manning the sales floor. “The main goal was to sell our existing inventory that’s all paid for and turn that into cash for our retirement,” says Sam. “It’s been very, very productive.” Would they recommend Wilkerson to other jewelers who want to enjoy their golden years? Absolutely! “Call Wilkerson,” says Laura. “They can help you achieve your goals so you’ll be able to move into retirement comfortably.”

Promoted Headlines

Advertisement

Advertisement

Advertisement

Subscribe


BULLETINS

INSTORE helps you become a better jeweler
with the biggest daily news headlines and useful tips.
(Mailed 5x per week.)

Facebook

Latest Comments

Most Popular