According to the National Retail Federation’s 12th annual Organized Retail Crime Survey, which polled 59 senior retail loss prevention executives, 100 retailers surveyed report that they have been a victim of ORC in the past year, up from 97 percent who said so last year.
According to the study, 17 percent of companies receiving payment demands from patent trolls are retailers, who also make up 10 percent of all defendants in troll litigation and 13 percent of licensees paying royalties to patent trolls.
One year after card companies' deadline for retailers to accept new chip-based credit cards, delays by the card industry have left thousands of new chip readers unused and consumers with less improvement in security than what was sought by retailers.
According to the State of Retailing Online 2016, conducted by Shop.org, Forrester Research Inc. (Nasdaq: FORR) and Bizrate Insights, 85 percent of retailers surveyed are investing in social media marketing to some degree.
Shop.org announced from the keynote stage of Retail’s Digital Summit the group’s Digital Commerce Startup of the Year competition winner. After being named a finalist in July, RangeMe was chosen by a group of retail industry leaders as the winner of the annual competition.