When comparing the risk management and loss prevention disciplines, it is important to recognize that the two functions share many common missions. They both manage risk, they both try to minimize losses to the company, and they both need to assess the cost of a loss control solution versus the benefit it Read More
Tag: national retail security survey
Currently in its twenty-fifth year, the National Retail Security Survey continues to offer not only insightful research into retail crime but also successful countermeasures. Key findings from the most recent survey show that the impact of shrinkage continues to be sizeable, with 48.1 percent of retailers reporting increases in inventory Read More
The 2017 National Retail Federation (NRF) PROTECT Conference is now in full swing at the Gaylord National Harbor in Washington, DC. Following introductory remarks from NRF leadership, this year’s 2 ½ day event kicked off with an opening keynote presentation with Christopher Voss, former lead national kidnapping negotiator with the Read More
Thefts from retailers and other inventory shrink grew to $48.9 billion in 2016 from $45.2 billion the year before, even as budget constraints left retail security budgets flat or declining, according to the annual National Retail Security Survey released by the National Retail Federation and the University of Florida. Shrink Read More
Loss prevention and retail industry professionals have a responsibility to stay informed about the latest retail theft statistics. This post provides a snapshot of what retailers currently face when it comes to loss and theft.
Inventory shrinkage refers to the difference between the merchandise a retailer shows in its records Read More
Since last June’s National Retail Federation (NRF) loss prevention conference, there have been a lot of changes—and not all of them have been good. Attendees to this year’s NRF PROTECT conference, June 27 – 28 in Washington DC, will be learning how to navigate in retail and loss prevention environments Read More
For retailers of high-end consumer electronics such as smartphones, tablets, e-readers, drones, digital cameras, and fitness watches, the customer’s retail experience can be just as important as loss prevention. Often, the look, feel, and performance of the product on display in store, including the ability to interact and fully experience Read More
In the second in a series of industry-focused benchmarking surveys, the authors present a few key findings from a new study of how some of the biggest retailers in the US are using a range of emerging technologies to manage the problem of loss prevention.
Loss prevention practitioners have a long Read More
By Jack Trlica
The 2017 National Retail Security Survey (NRSS) input form is now available for retailers to provide shrinkage and other loss prevention benchmarking data. Dr. Richard Hollinger, professor emeritus at the University of Florida and consultant to the National Retail Federation (NRF) who sponsors the survey, said, “I strongly encourage all Read More
By Joe Boissy
Retail organizations have been using surveillance video as a valuable tool to combat shrinkage, which can account for more than 1.38 percent of retail sales for some US organizations, according to the National Retail Security Survey. Shrink rates are the result of increased shoplifting, employee fraud and organized retail crime, Read More