At a time when store margins are under intense competitive pressure, retail shrink can make or break a retailer’s bottom line. But today’s retail shrink numbers are vulnerable to blind spots and imprecise metrics. In addition, most analysis and response to retail shrink are backward-looking: useful for staffing and long-term 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
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By Gary Oberman
For retailers around the globe, one of the greatest sources of loss comes from the inside. The problems of employee dishonesty and payroll fraud are real. According to the Jack L. Hayes International 25th Annual Retail Theft Survey, internal theft issues are increasing at a rate of 5.5 percent every year and Read More
One of the most commonly held principles of shrinkage reduction, especially for shoplifting deterrence, is achieved by giving good customer service. This idea is predicated upon the assumption that if potential thieves enter the store, they will be deterred from stealing if sales associates quickly make contact with them by Read More
Video surveillance is often at the heart of loss prevention strategies designed to address causes of shrinkage. Whether a retailer is taking aim at shoplifting, employee theft, returns fraud, tag switching, or sweethearting, a video solution can usually help. Read More
Why should video be high on loss prevention’s list of priorities? Because a fundamental change has created a wave of innovation and will fuel advances for years to come.
Once, back when Canon made a splash with its “Image is Everything” advertising campaign, it really was. CCTV offered images of sales Read More
Amazon, 50,000. Kohl’s, 69,000. Target, 70,000. Macy’s, 83,000. Retailers have announced some impressive seasonal hiring numbers for the 2016 Christmas and holiday season. Read More
Deployed by major chains such as Meijer, Giant Eagle, and Smart & Final, StopLift Checkout Vision Systems’video analytics automatically analyze security video to detect shrink visually, even when it leaves no data trail. Visit Booth 429 to learn more. Read More
StopLift Checkout Vision Systems has now detected more than 1.5 million incidents of scan-avoidance at both manned and self-checkouts at retailers around the world.
StopLift’s Scan-It-All™ video recognition technology has confirmed more than 1.5 million-plus incidents, which include “sweethearting”, when cashiers pretend to scan merchandise but deliberately bypass the scanner, thus Read More