Almost 1.2 million shoplifters and dishonest employees were apprehended in 2013 by just 23 large retailers. Over $199 million was recovered from these thieves, according to the 26th Annual Retail Theft Survey from Jack L. Hayes International.
A study into retail theft shows that restaurant workers under surveillance are less likely to steal and that employee surveillance enhances a restaurant’s bottom line.
Shrink—comprised of shoplifting, employee or supplier fraud, organized retail crime and administrative errors—cost the retail industry more than $112 billion globally last year, according to the 2012-2013 Global Retail Theft Barometer, and represented 1.4 percent of retail sales, on average.
CKE Restaurants Holdings, Inc., which has more than 3,300 restaurant locations in 42 states and in 28 countries, needed a solution that allowed them to record quality video that integrated with their existing satellite uplink.
After data breaches hit major retailers at the end of last year, Americans are growing more concerned about credit and debit card fraud, according to the 2014 Unisys Security Index.
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