Retail TouchPoints

MARCH 18, 2024

A 2022 U.S. My 35-plus years of experience in retail, most of that time being in loss prevention, has taught me a lot. Some insurance companies have loss control or loss prevention professionals who can help. Throughout his retail career, loss prevention has been a consistent focus.

Planning 279

Planning Loss Prevention Management Location 279

Retail TouchPoints

NOVEMBER 7, 2023

But without the data to link the individuals involved in the ORC ring, retailers may continue to suffer tremendous loss and shrink every year. increase in ORC incidents between 2021 and 2022. Is Organized Retail Crime Getting Worse? Organized retail crime is a growing problem. retailer makes, more than $700,000 is lost due to ORC.

Loss Prevention 297

Loss Prevention Shrinkage Returns Payment Services 297

Retail TouchPoints

OCTOBER 27, 2021

Melvin: Inventory intelligence and loss prevention technology can help retailers stay on target during busy times, and when it’s integrated, this data becomes even more powerful, producing actionable insights for retailers to optimize enterprise-wide outcomes.

Consumer 264

Consumer Loss Prevention Fulfillment Shopping 264

Retail TouchPoints

AUGUST 23, 2023

The National Retail Federation’s 2022 Security Survey found that shrink costs retailers nearly $100 billion annually and that retailers, on average, saw a 26.5% Given the widespread impact of theft, retailers are investing in new systems and technologies to support their loss prevention efforts.

Loss Prevention 246

Loss Prevention Sporting Goods Promotions Consumer 246

Retail TouchPoints

FEBRUARY 9, 2024

According to the National Retail Security Survey, losses attributed to retail theft rose to $112.1 billion in 2022, up from $93.9 He brings more than 30 years working with the retail industry and specializes in loss prevention, safety, ecommerce fraud and supply chain security.

Loss Prevention 277

Loss Prevention Jewelry Customer Experience Management 277

Retail TouchPoints

NOVEMBER 20, 2023

That’s why it’s important to understand the most common forms of theft and the measures you can take to prevent loss without deterring valued customers. External Theft According to the NRF, shoplifting and other forms of external theft, including burglary, accounted for 37% of reported shrink in 2022.

Payment Services 312

Payment Services Sporting Goods Inventory Management Loss Prevention 312

Retail TouchPoints

APRIL 2, 2024

Using Machine Learning and LLMs to Detect Infringements As with many other types of loss prevention, much of the activity takes place behind the scenes. The numbers, as revealed in the CCU’s 2024 Brand Protection Report, are impressive: In 2023, Amazon invested more than $1.2

Loss Prevention 270

Loss Prevention Accounting Apparel Consumer 270

Retail TouchPoints

DECEMBER 15, 2023

Back in 2022, the message was clear — retail crime was on the rise : “There’s no two ways about it,” said Gautham Vadakkepatt, Director of the Center for Retail Transformation at the George Mason University School of Business in an interview with Retail TouchPoints. Additionally, definitions remain vague.

Sporting Goods 273

Sporting Goods Loss Prevention Store Operations Payment Services 273

VMS

NOVEMBER 30, 2022

But backrooms filled up, investment money dried up, inflation cut into consumable income, workers sought to organize and loss prevention became a top-of-mind concern. n 2022, inflation drove prices and interest rates higher. Starbucks workers organized at many locations in 2022. In 2022, everything reversed.

Visual Merchandising 85

Visual Merchandising Drop-Shipping Loss Prevention Shipping 85

VMS

DECEMBER 29, 2021

The recently published 2021 NRF Retail Security Survey revealed that almost 7 in 10 (69%) retail loss prevention and asset protection professionals said the pandemic has resulted in an increase in overall risk for their organization. SUBMITTING PRESS RELEASES. Send your press releases to VMSD at vmsd.com.

Loss Prevention 52

Loss Prevention Visual Merchandising Store Layout Customer Experience 52

Inside Retail

AUGUST 17, 2023

Recently, the Profit Protection Future Forum released the findings of its comprehensive The 2022 Australia and New Zealand Retail Crime Study, a rigorously conducted body of research that captured the trends and patterns of the retail crime landscape from some of ANZ’s largest retailers.

Loss Prevention 130

Loss Prevention Customer Experience Management Accounting 130

Inside Retail

MAY 25, 2023

Factoring in the roughly US$700 million of inventory shrinkage that occurred in 2022, mainly attributed to retail crime, the company is on track to lose up to a total of US$1.2 billion due to organised retail crime over the past two years alone. billion due to theft in 2023 alone. It’s the best move they can make,” he noted.

Shrinkage 130

Shrinkage Loss Prevention Location Planning 130

Cisco Retail

AUGUST 12, 2022

We recently added a new data center in Singapore and I’m excited to share that our new India data center will go live by early Fall 2022. Granular Controls and Data Loss Prevention. We continuously work with customers and regions to build out our footprint and deliver improved performance. Data Residency.

Loss Prevention 145

Loss Prevention Technical Support Management Accounting 145

Inside Retail

JUNE 28, 2022

The software is used to gather evidence on repeat offenders, and is largely used to prevent theft and shrinkage. There’s the argument that the stores are using [facial recognition] for loss prevention, and to improve their ability to identify those that are engaging in criminal behaviour or theft.

Consumer 130

Consumer Payment Services Shrinkage Loss Prevention 130

VMS

JANUARY 3, 2022

Officers have reportedly already begun working in several stores, and Hy-Vee spokesperson Christina Gayman said the program will continue to be implemented throughout 2022. Responsibilities will include shoplifting prevention along with administrative duties and recommendations on theft deterrence.

Visual Merchandising 99

Visual Merchandising Grocer Loss Prevention 99

Mass Relators

JUNE 1, 2023

As the leading authority and voice for the retail industry, NRF has spearheaded industry efforts for policy reform on ORC legislation, including the INFORM Act , which was passed in December 2022 and will require online marketplaces to verify the identities of high-volume third-party sellers. The survey of 5,031 U.S. percentage points.

Consumer 52

Consumer Loss Prevention Shopping Marketing 52

Mass Relators

DECEMBER 12, 2022

Fueled by a surge in organized retail crime, shrinkage costs the industry almost $100 billion a year, according to National Retail Federation’s “2022 Retail Security Survey.” The study, conducted with the Loss Prevention Research Council, found that the average shrink rate in 2021 was 1.4%, resulting in losses of $94.5

Shrinkage 52

Shrinkage Loss Prevention Consumer Shopping 52

Retail Pro

OCTOBER 16, 2023

Retail crime is on the rise: A National Retail Federation survey released last month estimated that “shrink” — the term for losses in the retail sector — amounted to $112.1

Loss Prevention 80

Loss Prevention Inventory Management Management 80

Cisco Retail

AUGUST 26, 2022

At the RSA Conference 2022 earlier this year, Jeetu Patel, Cisco’s Executive Vice President and General Manager of Security and Collaboration, spoke of how the ‘cybersecurity poverty line’ is widening and how malicious actors are taking advantage of this gaping hole to unleash persistent attacks. Read more about the integration here.

Management 145

Management Returns Loss Prevention Accounting 145

Retail Assist

JANUARY 17, 2023

Metaverse mania made headlines in 2022, most notably amongst the luxury fashion houses and big global brands looking to find new DTC opportunities and build loyalty amongst Gen Z and Alpha. Marketplaces enjoyed a surge in 2022 and this trend is likely to continue. Greenwashing took centre stage in 2022. Supply Chain Resilience.

Customer Retention 52

Customer Retention Payment Services Loss Prevention Checkout 52

Mass Relators

OCTOBER 25, 2023

According to the National Retail Federation (NRF), retailers lost $112 billion due to shrink in 2022, up from nearly $94 billion in 2021. The Zebra study indicates 36% of retailers believe better analytics on shrink could help drive profitability.

Checkout 52

Checkout Payment Services Returns Shrinkage 52

Retail Geek

JANUARY 20, 2023

Episode 301 is our annual predictions episode for 2023 and a recap of our 2022 predictions. We also recap the full retail year for 2022 and the NRF Big Show. Yes Shein exceeds $30B in annual sales, disrupting apparel industry Yes Adoption of BNPL services slows down to less than 15% CAGR in 2022.

Social Commerce 52

Social Commerce Fulfillment Drop-Shipping ATS 52

Retail Gazette

OCTOBER 14, 2024

Foster, will oversee over 300 stores and lead the retailer’s growth plan, and he will be joined by Liz Harris, who will head up the retail operations team following almost 20 years at Morrisons, where she left in 2022.

Loss Prevention 110

Loss Prevention Supermarket Store Operations Management 110