Shoplifting Prevention — Partnering Solutions To Push Out Thieves
Creative thieves continue to shock and amaze retailers at the ingenious and bold ways they have come up with to take goods without paying. Today's shoplifters, having grown familiar with commonly used loss prevention solutions, continue to find ways to obtain their loot. In an effort to outsmart and...
Retail Crime Crackdown: Visual Technology Aids in Identifying and Reducing Organized Retail Crime
Organized retail crime, or ORC, the general term for mega-shoplifting, is a serious problem, no question. Sophisticated criminal enterprises continue to steal and stockpile stolen merchandise, and eventually resell the stolen goods for a handsome profit. According to a recent RILA report, the stolen merchandise is...
Take The POS Out Of The Scope Of PCI
Stop me if you've heard this one: a PCI auditor tells this retail merchant who has an aging POS application that he has until July 2010 to get all his payment related applications PCI compliant. That's it, no punch line, just reality.
Most merchants are painfully aware of the burden placed upon them by PCI, and...
Innovation: Copying Is The Sincerest Form Of Flattery
Creation and invention happen two ways: the harder way and the easier way.
The harder way involves insight, contemplation, analysis, inspiration, and or the luck of the universe. Like Sir Alexander Fleming figuring out that dirty, unclean, dangerous mold could in fact, if the penicillin mold was grown for its...
The Changing Game of Loss Prevention
Effective loss prevention is always top of mind for today's retailers. But, as our economy slides deeper into recession, and every cent counts, it becomes an even more essential priority. The problem retailers face in addressing loss prevention is how to make sure they're protected while limiting the impact that...
March Is "Fraud Prevention Month" — Protecting Retailers' Bottom Lines
With March recognized as "Fraud Prevention Month," retailers are presented with an opportunity to examine their operations and policies that protect their bottom line in today's tough economy. It's no secret that sales are down; however, what many retailers don't realize is that the rise in fraudulent and abusive...
Cash Room Automation: A Revolution Has Begun
Gain dramatic efficiencies and cost savings by fully automating the cash room cash handling process.
Cash handling, checking in/out sales clerk till drawers, and reconciliation of cash to the POS system remains a labor intensive, inefficient process for most retailers. Retailers utilize varying methods to handle...
Combatting Employee Theft At The POS
It's not widely known outside retailers, but employee theft comprises the highest percentage of retail shrink — more than that from traditional shoplifters or outside organized retail criminals.
But while retailers don't like to openly speak about the threat from within, they have been seeking ways to address ...
Deploy Redundant Layers In Security Systems
Ask retail industry professionals what keeps them awake at night and the majority will say the on-going battle to mitigate shrinkage tops the list -- and justly so. Overall, retail losses are estimated to reduce profits by 2 to 3 percent, equating to billions of dollars per year. Not only is shrink escalating, it's a...
Cost Control: Are You Missing The Low-Hanging Fruit?
In the last 26 years, I've met hundreds of retail Loss Prevention and Asset Protection professionals and worked with many on how to most cost effectively manage their alarm business. This has always been an area with significant potential for reducing cost but as we approach 2009, most retailers are discussing...