Today, analytics is one of the most vital tools to statistically identify the key factors which highly correlate with loss due to shrink. Collecting data from various sources gives retailers a more holistic perspective of their store activity. Read More
Tag: reduce shrink
“Why do the iPads in the display area of the store continue to get stolen?” LP pros can conduct experiments to find out. Read More
Nearly 23 percent of surveyed retailers report overall inventory shrink increasing to 2 percent or more of sales, while 65 percent of retailers expect LP budgets to remain flat or even to decrease, according to findings from the National Retail Federation’s 2017 National Retail Security Survey. This comes at a Read More
Policies and operations may be the foundation of a loss prevention strategy, but it takes significant cultural change, input from all levels of employees, and a collective effort on behalf of all departments to ultimately have a positive effect on reducing shrinkage. No single employee or department can combat this Read More
Emerging point-of-sale systems technology, including self-checkout, was on full display at the annual National Retail Federation (NRF) conference in January. Among the companies showcasing advances was NCR Corporation, which was also celebrating 20 years since the installation of its first self-checkout solution.
At the show, NCR introduced its new vision-based scanners—replacing Read More
Tyco Retail Solutions recently announced it has surpassed 63 billion consumer products source tagged to date. Reportedly setting a retail industry milestone with Sensormatic merchandise source tagging, the program has also achieved seven years of consecutive growth since 2011.
The company’s program encompasses source application of electronic article surveillance (EAS) Read More
By Liz Martinez
Shopping mall security is not a replacement for retail loss prevention programs. Mall security and LP have supporting missions, but they’re different missions.
A diagram of the ideal exchange of information and ideas wouldn’t look like a triangle, with shopping mall security, retail loss prevention, and local police at the three Read More
The retail industry is on the cusp of a transformation in its use of data to protect profits and to identify and overcome sales barriers. We’ve been here before. Read More
It’s December—meaning the 2017 holiday shopping season is upon us, and after analyzing the calendar, it will likely prove to be a lengthy season for retailers. The predicted top ten busiest shopping days fall between Black Friday (November 24) and Saturday, December 30 and are positioned to account for 40-50 Read More
Albertsons Partners with ALTO US to Implement a Technology Platform and Community-Focused Strategy to Reduce Retail Crime
ALTO US recently announced that Albertsons Companies has selected to implement the retail risk management solution, ALTO AllianceSM, a technology platform with comprehensive analytics that ties together retailers’ data with industry-wide resources, efficiently bridging the gap between retail, law enforcement, and the judicial system to facilitate prosecution of repeat offenders Read More