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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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Amazon and how it will affect retailers in the future Keywords: Retail, Loss Prevention, Amazon, Loss Prevention Training, Loss Prevention Academy   It is generally accepted that smartphones are playing a significant role in the transformation of the retail industry, but the real picture of the story indicates that smart stores are fundamentally changing both retail stores as well as shopping experiences of the consumers. Amazon is one of the best in class brands in the market today. It is outperforming all other benchmark brands by reducing the friction in the journey......

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