Ulta CEO Calls for Greater Accountability in E-Commerce to Combat Organized Retail Theft

In response to rising organized retail crime, Ulta Beauty's CEO urges online marketplaces to intensify efforts to prevent the sale of stolen goods.

Ulta Beauty CEO Dave Kimbell highlights the role of e-commerce platforms in facilitating the sale of stolen goods, urging for more proactive measures.
A CNBC investigation reveals the scale of organized retail theft, including a case involving millions of dollars worth of cosmetics resold on Amazon.
Law enforcement agencies and retailers report a significant rise in organized retail crime, with some operations resembling sophisticated businesses.
The National Retail Federation estimates $40.5 billion in losses due to external theft in 2022, underscoring the financial impact on retailers.
Retailers and law enforcement call for stricter regulations and improved collaboration with online marketplaces to tackle the issue.