Gregg Smith, Senior Director Of Loss Prevention For The Children's Place, Wins The Retail Equation's ‘Return To New Orleans For A Super Experience' At NRF Loss Prevention Show

The Retail Equation, the industry leader in retail transaction optimization solutions, recently announced Gregg Smith, senior director of Loss Prevention for The Children’s Place, won The Retail Equation’s “Return to New Orleans for a Super Experience” promotion, including two tickets to Super Bowl XLVII to be held in New Orleans in February 2013. Smith and several hundred others entered the contest at the recent National Retail Federation (NRF) Loss Prevention Conference and Expo in New Orleans.

The drawing attracted many retail professionals interested in The Retail Equation’s Verify-2 solution, which is designed to identify the one percent of consumers whose behaviors mimic return fraud or abuse—representing nine percent of all returns and costing U.S.-based retailers $14.3 to $18.4B per year. Verify-2 makes it easy for retailers to provide fair and friendly customer service at the point of return, while still protecting themselves against fraud and shrink.

“The NRF Loss Prevention Show always proves exciting with new technologies and solutions being unveiled,” said Tom Rittman, vice president of marketing for The Retail Equation. “And we were thrilled to give away coveted Super Bowl tickets to Gregg Smith who is one of the industry’s great loss prevention leaders.” 

About The Retail Equation
The Retail Equation, headquartered in Irvine, Calif., optimizes retailers’ revenue and margin by shaping behavior in every customer transaction. The company’s solutions use predictive analytics to turn each individual shopper visit into a more profitable experience. This yields immediate financial payback, increasing store comps by as much as two percent, with significant return on investment. The Software-as-a-Service applications operate in more than 20,000 stores in North America, supporting a diverse retail base of specialty apparel, footwear, hard goods, department, big box, auto parts and more. For more information, visit www.theretailequation.com.

SOURCE: Retail Equation