Complacency: The Risk That Comes with Lower Shrink

While inventory shrink is still an issue in the retail industry, this year’s statistics indicate loss prevention efforts have been paying off. The 2015 National Retail Security Survey showed a 1.38 percent average in inventory shrink (as a percent to sales) during the previous year, totaling $44 billion in losses, Security InfoWatch reported. While retailers are still […]

Giving Retail CEOs What They Need the Most

Earlier this year, the Loss Prevention industry was shaken when the D&D Daily referenced the latest Whitepaper by the Calibration Group, which revealed that Stock-on-Hand (SOH) is 7 times greater than ORC. Now that the world of retail has been alerted to this new finding, what can Loss Prevention professionals do to leverage technology in […]

The 5 Secrets to Protecting Cash Deposits

The 2014 National Retail Federation/University of Florida National Retail Security Survey reported that retailers lost an average of 1.38% of retail sales, amounting to nearly $44 billion, due to shrinkage and theft. The survey further said, “losses from employee theft cost retailers $16 billion a year.” These drains on the bottom line can take a […]

Top 3 Retail Asset Protection Solutions

Theft by shoplifters and employees has been on the rise for the past four years, according to the 27th Annual Retail Theft Survey from Jack L. Hayes International. Last year, more than 1.2 million individuals were nabbed for theft by the 25 retailers participating in the survey, helping stores to recover over $225 million in […]

Put the Stock Back in Out-of-Stocks: Affordable RFID Solutions

The movement of goods is the ultimate goal for any retailer. But what happens when a retailer is unable to move goods into the consumers’ hands because of out-of-stock issues? According to Jacqueline Renfrow at fierceretail.com, over 75% of adults found a wanted product to be out-of-stock during store visits over the last 12 months. […]

Top 3 Reasons Why ORC may be Smaller Fish in the Shrink Sea

What is ORC? The National Retail Federation (NRF) defines Organized Retail Crime (ORC) as, “theft/fraudulent activity conducted with the intent to convert illegally obtained merchandise, cargo, cash, or cash equivalent into financial gain (no personal use), typically through online or offline sales. Organized retail crime typically involves a criminal enterprise that organizes large-scale thefts from […]