Retail shrink increased in 2021, with product loss affecting retail enterprises' revenue. Retail risk and security leaders can use artificial intelligence (AI) to identify theft.
In an effort to curb violent crimes and retail theft occurring across the state of California and the country, Governor Gavin Newsom has pledged additional funding toward mitigation efforts.
We must quell prevalent myths about security guards. Security guards do not resemble the stereotype of lazy, untrained, perhaps overweight and inhospitable male bodybuilders.
Implementing a number of technologies within the retail setting can help organizations improve the customer experience, but more importantly, reduce shrink, mitigate fraud and improve security.
The 16th annual (Organized Retail Crime) ORC study released by the National Retail Federation found 75% of loss prevention executives at a cross-section of large and mid-sized retail companies said ORC activity had increased in the past year, up from 68% last year.