Tag: Retail Shrink


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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Retail Loss is probably the worst of all theft types in the country. Retail loss prevention is an attractive but less explored proposition till date. Each year, retailers suffer sizeable losses due to theft and other types of injuries. To this day, the problem continues and doesn’t seem to end anytime soon until more technology, and employee training is incorporated into the retail industry. From small neighborhood stores to shopping marts, retail loss commonly occurs everywhere. However, retailers can overcome these losses to a good degree by incorporating cutting edge technologies and......

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