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.
More than 348,000 shoplifters and dishonest employees were apprehended in 2019 by 21 large retailers who recovered more than $136 million, says the 32nd Annual Retail Theft Survey by Jack L. Hayes International.
More than 279,000 shoplifters and dishonest employees were apprehended in 2018 by just 20 large retailers who recovered more than $114 million from thieves.
Theft, fraud and losses from other retail “shrink” totaled $50.6 billion in 2018, up from $46.8 billion the year before as industry security executives said there is a growing overlap between loss prevention and cybersecurity efforts.
