Accounting Loss Prevention Planning 
Retail TouchPoints
JANUARY 8, 2024
Yet despite the growing frequency of ORC, retailers would be remiss to focus their loss prevention efforts solely on these brazen, smash-and-grab scenarios. In fact, according to the 2023 National Retail Security Survey conducted by NRF, Appriss Retail and the Loss Prevention Research Council, 68.8% Similarly, 57.8%
Retail TouchPoints
NOVEMBER 13, 2024
Effective communication systems ensure loss prevention and security can quickly rule out suspicious activity. Clearer accountability: When something occurs, security can use documented recorded channels and logs to trace steps taken during the incident.
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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. When David Sherwood joined the family business in 2001, the plan was to sell.
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.
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.
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.
Inside Retail
JANUARY 30, 2024
The software uses AI to help a retailer plan the introduction of new stock into a store and manage the pricing levels across its shelf life. Inventory is the second largest controllable expense and retailers are reporting back an improvement in markdown reduction losses of as much as 50 per cent through using the software to manage planning.
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