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Tag: the retail industry

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.
organized retail crime

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.
Analytics Data Loss Prevention Strategy Retail Asset Protection, retail data analytics

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...
Retail Theft Statistics, Fraud Statistics

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...

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.
ai in the retail industry

Challenges and Advantages of AI in the Retail Industry

AI in the retail industry promises improved efficiencies, lower costs, and improved customer experiences—but it's important to be aware of the technology's current capabilities and its one "fatal flaw."

Introducing the Loss Prevention Furniture Alliance

After a few months of preliminary networking, the Loss Prevention Furniture Alliance (LPFA) was officially launched in December 2017.

The GDPR and Retail Organizations: What US Businesses with International Presence Can Expect

Since its inception in 2016, the GDPR has raised a number of questions as to whether or not businesses are properly prepared to comply. With less than a month until the enforcement date, it has been reported that an estimated 61 percent of US businesses are not ready for the regulation.
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