Tag: retail industry
Day 2 of the 2018 NRF PROTECT Loss Prevention Conference and Expo
Day two of the NRF PROTECT Loss Prevention Conference and Expo began with opening remarks from Dan Faketty, vice president of asset protection for Southeastern Grocers and chairman of the NRF Loss Prevention Council.
Can a Retail Buyer Help Reduce Shrink?
When LP teams and buyers work together, a retail organization can reduce shrink through effective inventory management.
Day 1 of the 2018 NRF PROTECT Loss Prevention Conference and Expo
Under the bright skies and warm weather in Dallas, TX, the Lone Star State corralled the retail industry Tuesday morning as the 2018 NRF...
Bob MacLea Honored as Newest Member of the NRF PROTECT Ring of Excellence
The NRF PROTECT conference’s Ring of Excellence Award recognizes pioneers in the retail LP/AP community whose honor, integrity and character have served as a lasting example for the profession. The NRF is proud to announce that the 2018 recipient of the NRF PROTECT Ring of Excellence is Bob MacLea.
How NOT to Investigate Organized Retail Crime
This post's findings are the result of more than thirty retail and law enforcement interviews expressly asking for opinions and thoughts on investigating ORC. It's from the archives, but its advice is timeless.
Retail Data Analytics: A Straightforward Breakdown of Types and Sources
Preliminary analysis of how LP teams are using data analytics suggests it is being used in at least three ways, based on the type of analysis being performed, the frequency with which it is done, and the type of employees using it.
RILA Announces First-Ever (R)Tech Global Retail Challenge
The Retail Industry Leaders Association (RILA) recently announced its first-ever (R)Tech Global Retail Challenge in partnership with the Bensadoun School of Retail Management at...
Shoplifting Continues to Rise – 8 of Past 10 Years, According to the Annual...
Over 432,000 shoplifters and dishonest employees were apprehended in 2017 by just 21 large retailers who recovered over $188 million from these thieves, according...
Why It’s Critical to Use Retail Traffic Counters
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.
The LP Revolution Starts with Analytics
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.