Companies Deploy Tech To Prevent Retail Crime

Retailers have a new edge for fighting theft: They’re using technology to disable stolen goods — from iPhones to Black & Decker drills — and render them useless. Why it matters: Organized retail crime has a considerable affect on retailers every year, costing them an average of $719,000 per $1 billion dollars in sales, according to estimates from the National Retail Federation. Three in four of victim businesses told NRF in a survey that they have noticed an increase in organized theft-related instances in the past year. Read more at Axios.