Retail TouchPoints

APRIL 22, 2021

Sensormatic Solutions has extended its partnership with MTI to offer additional loss prevention and liability offerings for high-value electronics, including smartphones, tablets and cameras. The solutions are designed to safeguard these devices while still letting customers interact freely with them.

Loss Prevention

Retail TouchPoints

SEPTEMBER 17, 2024

billion in losses, up from $93.9 billion in 2021, according to a retail security report from the National Retail Federation (NRF) and the Loss Prevention Research Council (LPRC). Notably, theft (both internal and external) accounted for nearly two-thirds of the total shrink found in the report.

Loss Prevention

Retail TouchPoints

FEBRUARY 26, 2024

One prime example: the retailer’s partnership with RetailNext to use in-store traffic analytics for shaping everything from staffing strategies to improving store performance and even loss prevention. I learned to collect accounts from this grumpy old dude, who is now the grumpy old dude running our collections.

Loss Prevention

Retail TouchPoints

NOVEMBER 7, 2023

Typically, ORC is reliant on a single entity, like an address, credit card or store account that connects a complex crime ring across retail stores. Common examples of ORC include when merchandise is stolen and returned for profit or sold through online auctions or in-person sales. Organized retail crime is a growing problem.

Loss Prevention

Retail TouchPoints

SEPTEMBER 16, 2024

For instance, a surge in high-value purchases at a newly opened electronics store from various accounts might signal a coordinated effort to test stolen credit cards. A sudden spree of small electronics purchases from different vendors at a new location could indicate account compromise.

Merchant Services

Retail TouchPoints

FEBRUARY 22, 2024

The Akamai 2023 State of the Internet report revealed that retail continues to be the most targeted industry for cyberattacks, accounting for over 14 billion observed incursions. Risks from cyber threats including fraud, account takeovers, malware, ransomware, compromised business emails and data breaches all begin with an initial breach.

Payment Services

Retail TouchPoints

APRIL 2, 2024

The Amazon Counterfeit Crimes Unit (CCU), established in June 2020 , stopped more than 700,000 attempts by bad actors to create fake selling accounts in 2023. That’s down from 6 million would-be fake account attempts that were thwarted in 2020, the year that the CCU launched — an 88% decrease in less than four years.

Loss Prevention

Retail TouchPoints

OCTOBER 2, 2023

Body cams help us hold both the public and our officers accountable,” Bernhjelm added. This includes monitoring the internet and social media, liaising with local law enforcement and working with individual retailers’ loss prevention officers. Mall of America also works with intelligence analysts to proactively look for threats.

Loss Prevention

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

Retail TouchPoints

JULY 12, 2023

Technology — specifically edge computing — provides the foundation for a better customer experience, real-time inventory management, enhanced security and loss prevention and in-store analytics. The store knows what you took from the shelf and put in your cart and can charge you for it on your account that’s linked to their system.

Payment Services

Inside Retail

JANUARY 30, 2024

One of our global accounts can complete an entire store stocktake across 4000+ stores globally within 48 hours and it integrates some auditing and checking functionalities as well to validate the data to ensure accuracy of the count.” “This is particularly helpful for someone bringing a new product to market, where there is no sales history.”

Loss Prevention

Retail TouchPoints

JULY 1, 2020

It’s been estimated that there are 48 trillion reward points worth $360 billion sleeping in customer accounts across the globe. A moment of both gratitude and loss prevention. As the U.S. In 2016, Business Insider reported that Starbucks had $1.2 billion of customer funds in its loyalty program, more money than some banks.

Loss Prevention

Independent Retailer

JULY 8, 2021

In fact, in 2019, shrinkage accounted for an average rate of two percent of inventory, calculated at retail, costing the industry a record $62 billion. The good news is that retailers can use video surveillance in tandem with a dynamic loss prevention program to address this complex problem.

Loss Prevention

Independent Retailer

JULY 8, 2021

In fact, in 2019, shrinkage accounted for an average rate of two percent of inventory, calculated at retail, costing the industry a record $62 billion. The good news is that retailers can use video surveillance in tandem with a dynamic loss prevention program to address this complex problem.

Loss Prevention

VMS

OCTOBER 21, 2021

She joins the company with more than 20 years of experience in finance, business transformation, strategic planning and execution, capital allocation, investor relations, process improvement and technical accounting.

Loss Prevention

Retail Focus

AUGUST 8, 2023

Accounting and Bookkeeping Maintaining accurate financial records is crucial for the long-term success of any retail business. Outsourcing accounting and bookkeeping tasks to professionals can help you keep track of expenses, revenues, and taxes efficiently.

Loss Prevention

Retail TouchPoints

OCTOBER 15, 2020

When they do, they create accounts and pass credit checks using stolen consumer information. They then order and intercept items before these can be delivered to the unsuspecting victim, who is mostly unaware of accounts opened in their name or goods purchased on their account. Tokenized Data is Useless to Fraudsters.

Payment Services

Inside Retail

MAY 19, 2021

Drake recently began outing what he called “repeat offenders” by sharing CCTV footage on his social media account @shake.and.drake. When are people going to take accountability for their actions?” “It’s happening in all stores and it’s weekly. We are a family business, and it is a big cost to us.”.

Shrinkage

Inside Retail

MARCH 27, 2022

In this Post-Covid trading environment, where online sales are now accounting for 25 per-cent or more of retail sales, the majority of Australian retailers are reviewing their physical store network. Loss prevention. In reality, many retailers may be better served by retaining a smaller, high-performance store network.

Loss Prevention

Inside Retail

AUGUST 17, 2023

Customer theft has long been recognised as retailers’ primary source of loss, accounting for about half of all crime-related losses. As a result, substantial investment and effort have been dedicated to this issue by Loss Prevention (LP) teams.

Loss Prevention

Retail Focus

JANUARY 13, 2023

Value Added Friction: A New Way to Look at Loss Prevention at Self-Checkout. Michał Wesołowski, Checkpoint Systems, Strategic Account Manager. Frank Heinrich, Pentland Firth Software GmbH – a company forming part of the EDEKA Minden-Hannover Stiftung & Co. End-to-End Digitalisation in Claim Management.

Loss Prevention

Wiser

APRIL 26, 2022

Often, merchandising includes things like creating a pricing strategy, display design and layout, loss prevention, and store upkeep. From this application or account, you can pull a customer’s purchase and browser history and then push advertisements or sales that are specific to them.

Visual Merchandising

Cisco Retail

AUGUST 12, 2022

Additionally, EU customers who had set up their accounts in the US prior to data residency availability have an option to migrate their organization’s data and user content to the EU. Granular Controls and Data Loss Prevention. We also offer data residency for Canadian customers for meetings and user profiles.

Loss Prevention

Cisco Retail

APRIL 22, 2022

From provisioning new sites, to creating all the accounts and assignments a new associate needs to perform their daily tasks, many technology infrastructure tasks can be automated. Infrastructure Automation. Those tasks need to be consistently and reliably implemented as additions or changes are made to the environment.

Loss Prevention

365 Retail

JUNE 19, 2024

While these numbers are alarming, retailers are responding by investing in their loss prevention (LP) strategies, which typically include the reduction of blind spots, placing high value items behind locked or secure cabinets, or increasing security presence in store. Often process errors creep in from legacy systems,” Boyle continued.

Loss Prevention

Mass Relators

APRIL 11, 2022

. – Walgreens announced Monday it is broadening its effort to address theft and organized retail crime across more than 2,200 stores nationwide in partnership with ALTO US, a provider of innovative loss prevention and tech-enabled security services.

Loss Prevention

VMS

JANUARY 25, 2022

This accounts for an average of 16.6 According to NRF, online sales accounted for $1.050 trillion of total U.S. Retailers expect more than $761 billion in merchandise sold last year to be returned by consumers, according to a report released today by the National Retail Federation and Appriss Retail. percent of total U.S. billion (10.6

Returns

Cisco Retail

AUGUST 25, 2023

Data Loss Prevention (DLP) – provides the ability to define and quarantine files that violate DLP rules, preventing leakage of sensitive information for supported applications. Cloud Access Security Broker (CASB) – provides cloud app discovery, risk scoring, blocking, cloud malware detection, and tenant controls.

Management

Retail Next

SEPTEMBER 10, 2019

Conversely, if you pay bills late, you are likely to get hit with late fees, which could have a negative impact on your bank account, and potentially cause you to fall behind with other vendors. That means maintaining financial records through an accounting software program. Keep Accurate Financial Records.

Finance

Independent Retailer

MAY 20, 2021

Gather contacts that are crucial to business operations, such as employees, banks, lawyers, accountants, and suppliers. Have a plan in place if there is a loss in power. QBE North America’s Risk Solutions teams are experts in risk and delivering loss prevention and loss protection services.

Loss Prevention

DMS Retail

JULY 25, 2021

Most retailers have a position of Regional Manager and/or District Manager somewhere on their organizational chart or matrix or whatever they wish to use to indicate lines of authority and accountability. Of course, accountants will look at expense reports and proclaim too much money is being spent.

Loss Prevention

Cisco Retail

AUGUST 26, 2022

The Duo and Bitglass integration provide a synergistic solution that funnels traffic through Duo’s SSO and verifies users via its MFA so Bitglass can deliver real-time data loss prevention and granular adaptive access control. Because of Bitglass’ agentless architecture, the joint solution can secure any app, any device, anywhere.

Management

RETAIL MANAGEMENT SOFTWARE

JULY 15, 2024

From keeping track of high-value items to ensuring that every piece is properly cataloged and accounted for, the stakes are high. By using barcode scanning or RFID technology, you can ensure that every piece of inventory is accounted for accurately. Managing a jewelry store comes with its own unique set of challenges.

Jewelry

Retail Assist

JANUARY 17, 2023

Physical retail accounts for 75% of sales in the UK and new stores are opening all the time. One innovation we hope will gain more traction is scan-less self-checkout - it uses RFID tags for quick and easy checkout, reduced queues, integrated loss prevention and automatically updated inventory. Supply Chain Resilience.

Customer Retention

365 Retail

MAY 5, 2023

In terms of security and loss prevention, facial recognition can be used to identify known shoplifters or individuals with a history of fraudulent activities, alerting store security personnel and preventing potential theft or fraud.

Store Layout

Retalon

APRIL 27, 2021

However, traditional spreadsheet analytics cannot account for store-by-store variations in the promotion’s effectiveness or secondary effects such as demand cannibalization. Online sales now account for more than 20% of total retail sales. Online sales are as mission-critical as in-store sales to today’s retail business.

Fulfillment

DMS Retail

APRIL 3, 2020

Loss Prevention. DMSRetail believes strongly in building a performance culture; in holding people accountable. In every area of your business, you have to properly apply retail math to make good decisions… • Sales Generation. Expense and Wage Control. Buying, Allocation & Inventory Control. Staffing and Scheduling.

Loss Prevention