By Loss Prevention Media Contributor
Profitect recently announced the results of a new survey of more than 1,000 U.S. Generation Z (Gen Z) shoppers, aged 18-22. The results indicated that 42 percent of respondents prefer to shop in-stores vs online, highlighting the need for retailers to create a good in-store experience.
A further 34 percent Read More
By Chris Batson
Distribution center loss prevention provides a unique challenge to the industry. As with all LP programs, the distribution center loss prevention team is tasked with reduction of shrink and generating a sufficient return on investment to justify their programs.
Given the growing investment in supply chain inventory management, how does a distribution Read More
By Loss Prevention Media Contributor
Tyco Retail Solutions today announced it is collaborating with Google Cloud to strengthen its market leadership in next generation real-time analytics and store execution and performance solutions. Google Cloud Platform provides a future proof infrastructure with global scale, security and high performance for Tyco Retail’s world-class global retail customers.
The adoption Read More
By Ben Grisz, Alexandria Nguyen, Molly Wolfe, and Michael Zhang
In the 2015 US Retail Fraud Survey, retailers across the country identified analytics and monitoring as the number-one area of need. With the average US retailer experiencing shrinkage at a level comprising 1.3 percent of total sales (resulting in an annual $60 billion loss industry-wide) at that time, it’s no Read More
In April 2014, the ECR Europe Shrink and On-shelf Availability Group received a special award from ECR Europe to celebrate 15 years of the group and the delivery of an estimated €1.5 billion (~ $1.6 billion) in savings for the industry.
As Sir Terry Leahy, former CEO of Tesco, once said Read More
Each year, loss prevention directors are evaluated based at least in part on retail shrink results. At a minimum, poor retail shrink numbers negatively affect bonuses and department morale. At times, unacceptable results may even lead to dismissal.
Forward-thinking LP professionals, like golfers in search of the key that will elevate Read More
By Loss Prevention Media Contributor
Every retailer’s dream is to grow and flourish while maintaining their initial character and a “small-store” feel. But as retailers grow, maintaining that close customer connection, even in a specialty store, can be difficult. Topher Mallory, CEO of US retail brand Mexicali Blues, understands the importance of balancing shifting customer Read More
By Loss Prevention Media Contributor
Zebra Technologies recently announced Zebra SmartSense™ for Retail asset visibility solution, an enterprise asset intelligence (EAI) offering that reportedly delivers deeper visibility into retail operations, provides better business insights and enables smarter decisions.
This solution combines UHF RFID, video, and a micro-location capability to identify and track the journey and location Read More
By Gary Oberman
For retailers around the globe, one of the greatest sources of loss comes from the inside. The problems of employee dishonesty and payroll fraud are real. According to the Jack L. Hayes International 25th Annual Retail Theft Survey, internal theft issues are increasing at a rate of 5.5 percent every year and Read More
By Ben Grisz, Alexandria Nguyen, Molly Wolfe, and Michael Zhang
In the 2015 US Retail Fraud Survey, retailers across the country identified analytics and monitoring as the number one area of need. With the average US retailer experiencing shrinkage at a level comprising 1.3 percent of total sales (resulting in an annual $60 billion loss industry-wide), it’s no wonder that Read More
