As we surge through the remaining 26 days of 2013 it’s important to take a moment to digest what we’ve learned over the last 365; only then can we craft an effective plan of attack for 2014. Year after year, the holiday season has proven to make or break the retail industry and the reputation […]
Read moreA study conducted in 2012 found that Seventy-five percent of employees have stolen from their employers at least once, and over thirty-seven percent have committed the crime at least twice. The resulting loss for these businesses in 2012 was a staggering $50,000,000 in employee theft alone. Not to mention general shrinkage and waste, the numbers […]
Read moreThe retail industry faces countless issues ranging from petty theft to credit card fraud, but no issue has grown more rapidly in recent years than Organized Retail Crime (ORC). The National Retail Federation (NRF) recently reported on its ninth annual Organized Retail Crime survey, finding that 94 percent of Loss Prevention executives say they’ve been victims of ORC […]
Read moreA store in Australia is charging patrons who are showrooming five dollars. Apparently they really hate it when people take up valuable real estate and don’t buy anything. Redditor Barrett Fox posted a picture of this Australian sign informing patrons of a new fee at a specialty food store in Brisbane. The sign is […]
Read moreThe trees are coming down; the gifts have been opened in a frenzy of wrapping paper and bows, but what about all those gifts that weren’t exactly what we wanted? The National Retail Federation does a report each year canvassing return fraud and its effects on the retail industry. For 2012 return fraud will cost […]
Read moreA new type of crime is in town, and it is costing stores thousands of dollars. Flash Mobs/Flash Robs happen quickly, are difficult to stop once in progress, and are difficult to prosecute. Make sure that you add this threat to your security audits to ensure that you are as prepared as possible, and so […]
Read morehttp://www.retailfacilitybusiness.com/industry-voices/225-security-details-industry-voices.html Author: Martin Bnom – President of WSA Services, Inc. What’s the trend for losses due to shrinkage? Recent national retail security survey data (2009) show that retail operations experienced average annual shrinkage losses of 1.44%. This is down from the previous year, which showed an overall 1.51% shrinkage rate equaling $36.3 billion. When you […]
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