Guest Column
Using Video Analytics To Fight Retail Shrink
Source: Aimetis
Click Here To Download:•Guest Series Part 2: Using Video Analytics To Fight Retail Shrink
By Marc Holtenhoff, Aimetis
The economy may be improving, but some retail challenges just won't go away. Global shrink cost retailers $107 billion last year, according to the Global Retail Theft Barometer, an annual study by the Centre for Retail Research. In the United States alone, that figure was $39 billion, representing 1.5% of retail sales. The study also shattered the myth that retailers need only worry about shoplifters. In fact, it identified employee theft (44%) as the primary source of shrink in North America, followed by shoplifting (35%), meaning retailers need to be vigilant in both areas.
Click Here To Download:•Guest Series Part 2: Using Video Analytics To Fight Retail Shrink
