Tag: loss prevention technology

We live in a time of great change. We work in an industry where our ability to adjust to the needs of the customer...

Tom Meehan, CFI recently completed his first book-length publication titled "Evolution of Retail Asset Protection: Protecting Your Profit in a Digital Age."

While declining store traffic continues to dominate the headlines and remains the reason most frequently cited for lackluster store performance, it’s only part of the story.

Visual information is no longer the only — and perhaps not even the primary — component of a video surveillance system. Images are still valuable, but it is the data inherent within them that provides for new applications and value. A camera is now a computer with a lens. Video once provided LP with extra eyes. Now it also offers brains.

In 2018, readers wanted to know more about Rite Aid's crowdsourcing investigations tool, the top (FREE) tools to help with social media investigations, and what it's like to find and buy EAS detachers online as a shoplifter, among other technology topics.

According to ShopperTrak's historical data, 45 percent of all holiday shopper traffic falls during the top ten busiest days, beginning on Black Friday and dispersed throughout the end of the year. The top ten busiest shopping days for 2018, as predicted by ShopperTrak, are listed here.

During this critical time of year, every possible step that we can take to ensure a successful season must be planned and prepared, including our loss prevention plan.

“If it looks like a duck and quacks like a duck, it’s probably a duck.” We’ve all heard some form of the “Duck Test” before. We use the folksy expression when we want to get to the heart of the matter and clearly describe something for what it is.

Here’s how one shoplifter assesses risk. “First things first—you want to know if they got what you want. The second factor is the risk involvement. The risk involvement will be security times cameras times employees times space times [other] customers."

How can US retail shrinkage rates be so high, when the United States ranks in the top five countries in terms of investment in loss prevention technology?