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Theft, fraud, and losses from other retail “shrink” totaled $50.6 billion in 2018, up from $46.8 billion the year before.
The odds are stacked heavily against any organization that does not take necessary premises security procedures to protect their employees, customers, and others.
There is little consensus on what constitutes “loss” within the retail world nor how it should be measured. The terms “shrinkage” and “shortage” have been loosely applied to encapsulate some of the areas that generate loss, but they are not terms enjoying a clear and agreed-upon definition across the sector.
As long as a retailer’s doors are open for business, there is risk of of a store robbery. If this is the case, how are we to be proactive in armed robbery prevention?
In the court case that followed a robbery carried out by a sixteen-year-old in 2015, where a female lone worker was threatened with a hammer, police commented, "It was a terrifying experience for the member of staff, who was the only person in the store at the time, and she has not worked since."
A Yucaipa man already serving a five-year sentence for a 2015 bank robbery was sentenced Monday to 201 months in prison after he was...
The Jewelers’ Security Alliance (JSA) has recorded eight smash-and-grab robberies at Southern California jewelry stores in the last 10 days, as well as an unsettling string...
A pair of brothers and a third man face federal charges after being arrested on suspicion of committing at least 23 armed robberies in...