Retailers have a systemic problem. They know that a percentage of the people walking into their stores are there solely to steal. But with full knowledge, they still welcome all as if they will be paying for their purchases. They also know that unbridled access to goods leads to higher sales, but allowing that also creates a gateway for higher theft.
The National Retail Federation’s 2011 Loss Prevention Conference announced that J. Paul Raines, CEO of GameStop and Albuquerque Chief of Police Ray Shultz will address more than 2,600 retail loss prevention executives during the three-day event.
Facial recognition and video based biometrics continue to be a hot topic with security professionals. While shows like CSI, Law & Order and 24 make it seem that technologies exist that can pick a terrorist out of a crowd in Times Square or spot a criminal the moment he steps foot on the street, the reality is that we're not quite there...yet.
When loss prevention directors first brought security video into their stores, an initial aim was to deter shoplifters or, if that failed, use the recorded video to make the shoplifter agree to restitution, or to fight slip and falls.
As video surveillance systems continue to grow in size and functionality with new technologies driving even higher levels of performance, there’s still one basic premise that applies to each and every one of them: if the power goes down, your system is of little practical value.
According to the Global Retail Theft Barometer, retail shrink accounted for $107.284 billion in 2010. As retailers begin to determine their goals and initiatives for 2011, they need to consider how to identify and prevent the margin-robbing activities that are cutting into their bottom lines. Here are a few commonly missed fraudulent activities and operational errors, along with some tips on how to combat them.
The National Food Service Security Council (NFSSC) and the Loss Prevention Foundation (LRF) announced an agreement where all regular NFSSC members can receive a one year membership into the Loss Prevention Foundation.
Back in 1950, an idea emerged that caught on nationally: S&H Green Stamps. This marketing concept has lasted for six decades. The idea was to entice customers to shop at participating grocery stores or gas stations. Customers earned stamps for each purchase. These stamps could be redeemed for various household items including appliances and tools. American Airlines followed the lead in the 1980s with frequent flyer miles and this concept quickly caught on.
Our special report this month features 26 security leaders who are changing the industry, inspiring many and leading with innovation. Security experts discuss the CCPA, public-private relationships, mobile device security and how aware employees can mitigate active shooter events and workplace violence.