Loss prevention is a moving target. Every time a new retail strategy is put in place, such as buy online, pick up in store (BOPIS), it’s up to loss prevention professionals to devise countermeasures to combat the new theft opportunities that arise. Best Buy, Acme Markets, and Wegmans loss prevention executives give their recommendations.
A convenience store must pay $1.1 million to a man shot by stray bullets outside its store after a Georgia appeals court affirmed the award, upholding the jury’s decision that the store was partially responsible for the man’s injuries.
They don’t call it the Big Show for nothing. There were over 40,000 people in attendance from all over the world to talk retail, technology, strategy, and the future at the National Retail Federation (NRF) Big Show hosted in New York City January 12–14. Here are four of the biggest trends that will impact retailers in 2020.
Twenty-six years ago, unthinkable tragedy befell a Louisville, Kentucky, family. Out of the ashes, a technological solution was developed to address the root cause of this tragedy. From this solution grew Appriss, a company that has impacted millions of American lives through its mission of providing “Knowledge for Good.”
Fraudsters have traditionally approached victims with kindness by friendly and likable scammers to establish trust and sympathy to con money out of unsuspecting individuals. But this methodology is giving way to approaches based on fear and intimidation.
Today, the United States observes the federal holiday to honor the life and work of Reverend Dr. Martin Luther King, Jr. This year, King would have been 91 years old.
A New York law eliminating cash bail and pretrial detention for most nonviolent crimes went into place at the beginning of the new year. The legislation was designed to address the disproportionate effect on people who cannot afford to pay bail and must remain in jail until their trial date. However, the unintended consequences for retailers is the risk of most shoplifting and ORC offenders remaining free to commit more crimes.
In today’s tumultuous retail environment, it’s happening all the time. It could be downsizing, a corporate buyout, store closing, or even an entire company going out of business. The days of forty years with one company and a gold watch are gone. At some point, most professionals in retail will be looking for a new job. You need to be ready.
Seventy-nine percent of criminal and juvenile justice professionals believe, based on their experience with offenders, that shoplifting is a "gateway" crime. Almost eight out of ten said that their professional experience has shown that shoplifting is commonly a gateway to additional acts of shoplifting and more serious crimes.
It’s safe to say that 2020 will be a pivotal year for the retail industry. As more consumers turn to e-commerce giants like Amazon for their shopping needs, many traditional brick-and-mortar retailers are feeling the pinch. Video surveillance is one tool that can help turn the tide.
Download this 34-page special report from Loss Prevention Magazine about types and frequency of violent incidents, impacts on employees and customers, effectiveness of tools and training, and much more.