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Who Benefits If All Sears Locations Close?

W 2018 has not been kind to Sears Holdings Corp., the parent company of Kmart and Sears brand stores. For one, its stock plummeted by more than a whopping 75 percent in the last 12 months, and they are closing locations left, right, and center. In September 2018 alone, the retailer closed down over 68 stores countrywide and another 142 locations by the close of the year. That’s why it came as no big surprise when it filed for Chapter 11 bankruptcy. The truth of the matter is that Sears isn’t going......

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Shoplifting and Loss Prevention:  Do we need a fresh look?

Shoplifting and Loss Prеvеntіоn: Do Wе Nееd a Frеѕh Look?   Trаdіtіоnаl Lоѕѕ Prеvеntіоn is nоt working. If іt wаѕ wоrkіng, thе rеtаіl wоrld would nоt ѕtіll bе suffering $35 million or mоrе a dау in lоѕѕеѕ. If іt was wоrkіng, rеtаіl оwnеrѕ аnd ѕtоrе directors wоuld nоt be going thrоugh ѕесurіtу and lоѕѕ prevention оffісеrѕ оr thе security соmраnіеѕ thеу rерrеѕеnt lіkе thе frее samples they оftеn hаnd оut tо сuѕtоmеrѕ. Sесurіtу experts аnd lоѕѕ рrеvеntіоn companies would nоt be constantly ѕсrаmblіng for nеw accounts, оr bе in соnflісt with the......

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What will Retail Look Like in 2025 As technology continues its unrelenting encroachment into our lives, the retail industry is not left out in the revolutionizing effects of advancing tech. The retail of the future is already taking shape and will be driven mainly by unparalleled customer insights, AI, and the Internet of Things. Even now, the retail experience is already changing from what it was 20 years ago. Nowadays, an increasing number of retail transactions take place over the internet. Retailers are continuously fine-tuning their operations to be as easy and......

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Catching Shoplifters in 2018

Catching Shoplifters Shoplifting is a popular term that is used to denote undetected theft of products or goods from open retail businesses. It is otherwise known as five-finger discount or ‘boosting’ and usually involves an individual that conceals an item in a store on his or her person, underclothes, in a bag, in pockets or a baby stroller. Then the individual exits the store without paying for the item. Due to the increasing awareness about shoplifting and its attendant punishments when caught, shoplifters have become wiser and learned how to protect themselves......

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