Organized retail crime (ORC) has been a serious concern for retailers for many years—but the problem isn’t going away. Recent data from the National Retail Federation puts the loss from ORC in 2017 at over $726,351 per $1 billion in sales, a significant increase over 2016. But what’s causing the Read More
“Swing for Education” is the theme for the first annual Loss Prevention Foundation (LPF) golf tournament set for Sunday, June 10, at Bear Creek Golf Club in Dallas preceding the NRF PROTECT conference June 11–13. The event is open to all retailers and solution providers to raise money to fund Read More
Tyco Retail Solutions today announced it is collaborating with Google Cloud to strengthen its market leadership in next generation real-time analytics and store execution and performance solutions. Google Cloud Platform provides a future proof infrastructure with global scale, security and high performance for Tyco Retail’s world-class global retail customers.
The adoption Read More
Tyco Retail Solutions to incorporate new data into ShopperTrak Analytics for holistic view of in-store shoppers
Tyco Retail Solutions today announced a new program for select retailers to incorporate shopper data into its ShopperTrak traffic analytics platform. This includes store visitor insights at the audience level from Facebook and additional empirical data from other sources. Connecting shopper preferences and insights from third party sources with store Read More
Tyco Retail Solutions has collaborated with industry leaders to showcase new innovations and retail concepts to further digitize the store and enable retailers to provide smart, connected shopper engagement. Prescriptive analytical data solutions and technology investments are helping retailers to operate proactively, efficiently and in real-time to better engage their Read More
By Nick Arenas
While society often imagines the shoplifter as someone stealing food or toiletries out of necessity to survive, often this is not the case. In fact, one study notes that socio-economic status is not an accurate predictor for potential shoplifting.
Many habitual shoplifters report stealing almost twice a week, and shoplifting is Read More
According to the 2016 National Retail Security Survey, US businesses lost around $45.2 billion in 2015 to retail theft, more than 1.38 percent of overall sales, making retail theft one of the leading issues facing retailers today.
Shoplifting and ORC Fraud Rings
According to the National Association of Shoplifting Prevention (2006), more Read More
This post brought to you by LPJobs.
As a busy loss prevention professional, you don’t have much time to keep tabs on industry event details. Let us help you find your next networking opportunity, retail technology expo, or training course. Take a look at the retail and loss prevention conferences, events, Read More
The Latest Credit Card Fraud Statistics and Insights
Credit card fraud statistics reveal that online and card-not-present fraud is expected to increase in the coming years.
By Kelsey Seidler
Despite the introduction of more secure chip technology (also known as Europay, Mastercard, and Visa, or EMV technology), credit card fraud remains a concern Read More