Loss Prevention White Papers
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The Great Disconnect Between LP And IT
9/14/2015
Traditional LP Technologies are being co-opted for use in other activities leading to influencers of buying decisions that would otherwise be purview of LP only.
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Technology Changes The Game, But Not The Players
9/8/2015
Cash registers used to only do what their namesake denotes —register cash. Now, you’d be hard-pressed to find a cash register in a leading retail environment that only operates as a money till. In its place you’ll find sophisticated POS systems that not only process sales transactions, but also manage inventory, recognize customer loyalty programs and incentives, and other important business line and back-office functions.
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In Case You Missed It At NRF: EMV For SMRs
1/20/2015
In case you missed the Exhibitor Big !deas session, Ready Or Not, Here Comes EMV — What Small Merchants Should Expect, here’s a recap. Moderated by Tom Pojero, head of U.S. Merchant Acquisition, panelists David Hogan, executive director, Heartland Payment Systems; Norm Merritt, president and co-CEO, ShopKeep; and Rod Hometh, SVP, market development, Ingenico Group delivered insightful commentary on the lack of EMV knowledge among SMRs.
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EMV: What It Really Does For Retailers
11/17/2014
In the wake of the massive retail data breaches we’ve seen over the past 12 months, the organizations behind EMV (also known as Chip and PIN or smart cards) have become very vocal in promoting EMV’s ability to secure credit card data. Unfortunately, not everything we’re hearing about the technology is true.
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Avoiding Analysis Paralysis
9/25/2014
Three Easy Steps for Migrating to IP Video.
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Wireless Is Transforming Retail On All Fronts: Here’s How
8/26/2014
Retail is undergoing a massive evolution, the speed and scope of which we have never seen before. Traditional and non-traditional competition is causing a complete reevaluation of the business model. Consumers armed with smartphones have more information and demand everything from best pricing to immediate product availability. Retailers are moving to smaller format stores, embracing omni-channel, reducing costs and investing heavily in technology.
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Big Box Retailer Offender, Shopper, Employee Feedback Study
8/14/2014
The Loss Prevention Research Council (LPRC) conducted a series of in-person survey interviews in the Gainesville, FL. Big Box retailer StoreLab in order to understand the impact of the Turtle on associates, shoppers and shoplifters. This research focused on the Turtle’s impact on protecting DEWALT Power Drills, one of The Big Box retailer’s high loss products.
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5 Ways To Keep Loss Prevention From Becoming Profit Prevention
6/25/2014
Product theft has become a $35 billion annual problem for U.S. retailers, but only a small percentage of merchandise accounts for the majority of loss due to theft. Just twenty percent of retail products cause eighty percent of stock loss. These items are referred to as “hot products.” They hold a high value to shoplifters, particularly professional thieves.
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In-Store Analytics Will Change The Face Of Loss Prevention
4/16/2014
We all know that “shrinkage” is no joke – current research estimates that shoplifting and other forms of fraud cost retailers more than a hundred billion annually. And while the use of security cameras for loss prevention purposes is widespread, pinpointing incidents worth investigating can be a painstaking process, and some activities, such as return fraud and “sweethearting” at the register, are notoriously difficult to detect. Is there more that retailers can be doing to combat shrinkage? Hiring more resources to monitor security video and patrol store aisles is not necessarily practical, or even desirable, but technologies for in-store data collection and analysis may offer a better way.
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Active Shooter - Common Sense And A Senseless World
1/31/2014
Until recently I didn’t give much thought to the topic of “active shooter.” In truth, the idea of a lengthy conversation seemed unnecessary. It appeared an investment in a discussion that pertained to a rare occurrence in the retail environment.