Tag: pos in retail

At a time when store margins are under intense competitive pressure, retail shrink can make or break a retailer's bottom line. But retail shrink numbers are vulnerable to blind spots and imprecise metrics.

One question I have been asked frequently is, “How did you know how to battle retail shrink in the grocery business, especially considering your...

According to online statistics database Statista, the value of payment fraud losses in the United States rose from $5.6 billion in 2012 to an estimated $9.1 billion in 2018.

Traffic and conversion analytics focus on what happens before the transaction is recorded in your POS or CRM system...if one is ever recorded at all. That's what makes traffic and conversion data especially useful. Together, they tell us about the sale we almost had.

How do LP practitioners deal with the pressures of conducting internal theft interrogations in a forthright and honest way?What are the boundaries when it comes to obtaining an admission?

In his bestselling book, The 7 Habits of Highly Effective People, Stephen Covey presented a holistic, principle-based approach for solving personal and professional problems....

Few things are as frustrating for a loss prevention leader than discovering a bad packaging design they know will promote retail shrink— a feature which...

Over recent years, we've witnessed a resurgence of interest and substantial growth in the use of radio frequency identification (RFID) technology in retail—a veritable...

Data is the future of the loss prevention and asset protection industry. A single, data-friendly LP professional can both identify and address leading indicators...

Deep inside the data warehouses of companies across the world, billions of dollars are trapped in the subtle variations between the binary 0s and...