Target, Dollar Tree, Foot Locker, Dick's Sporting Goods, Nordstrom, and others recently disclosed that organized retail crime - or ORC for short - is hitting their bottom lines.
Dick's Chief Financial Officer Navdeep Gupta said that the sports retailer lowered its profit outlook for the year in part because "The number of incidents and the organized retail crime impact came in significantly higher than we anticipated."
In a statement released last June, it said: "Recent investigations have also identified organized retail crime schemes exploiting undocumented migrants forced to steal goods to pay back 'coyotes' who smuggle them across international borders."
The connection between illegal immigrants and organized retail crime isn't exactly new.
The Washington Examiner, one of the only outlets to cover this angle, reported this week that "Mexican cartels are behind the spike in organized retail crime and are deeply entrenched in every level of the process, according to the federal government's chief investigative agency."
These retail crimes are perpetrated by people who work as part of a crime ring run by cartels.
In recent years, cartels have gone from illicit drug manufacturing and smuggling, human smuggling and trafficking, and illegal firearm smuggling to commandeering crime in the retail environment.
https://issuesinsights.com/2023/09/01/bidens-border-crisis-fuels-massive-spike-in-retail-crime/
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