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Retail loss prevention Articles

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THOROFARE, N.J. -- Checkpoint Systems, Inc. (NYSE: CKP), a leading manufacturer and marketer of identification, tracking, security and merchandising solutions for the retail industry and its supply chain, today announced the results of a survey on loss prevention (LP) budgeting trends among retailers that illustrates the relationship between LP budgets and theft levels. The retail industry has been hit hard by the recent economic downturn, but retailers considering cutting their LP budgets to save money should think twice. According to the recent Loss Prevention Budget Trends report, there is a strong correlation between ...
however, there are people and groups who make their living from shoplifting, and they tend to be more skilled. Generally, criminal theft involves taking possession of property illegally. In the case of shoplifting, though, customers are allowed by the property owner to take physical possession of the property (holding it in their hands or in a shopping cart controlled by them, for instance). This leaves areas of ambiguity that could criminalize some people for simple mistakes (such as accidental hiding of a small item or forgetting to pay). That is one of the reasons that penalties for shoplifting are generally lower than those ...
REVIEWS AND OPINIONS
Discovering The Features Of Epos Systems | Tomorrows Retail
Inside you will find a collection of articles and tips on retail, retail management, running a business, and more. Please leave a comment and let us know you stopped by. Retail theft, or shoplifting, is the lifting of merchandise that is offered for sale in a shop, and it is one of the most common crimes that are committed. Retail loss prevention equipment can help deter crime...   Read more! Let’s face it, we are all buyers and we all visit retail outlets. Did you ever take the time to listen to the sales greetings as you walk into the retail outlets? If you do, you will notice...    Read more! Sunday, July ... market research, surveys and trends
How to Prevent Robbery And Burglary
The death of 63 years old Gurmail Singh, who was attacked in his convenience store on Saturday 20/02/2010 in the village of Cowcliffe, near Huddersfield, West Yorkshire is a tragic reminder of the deadly consequences of the crime of robbery. According to the British Retail Consortium 2009 Retail Crime Survey, robberies doubled in 2009 to about 4 % of retail crime, whilst burglary accounted for up to 9 %. A robbery of an average store in 2009 resulted in an estimated £2,077 loss. This figure excludes damage to the property and other consequences suffer by the store owner. Robbery occurs at least three times a year on a ... market research, surveys and trends

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RETAIL LOSS PREVENTION ARTICLES

Ernst & Young Study Estimates Retailers Lose $46 Billion Annually ...
The study examines how retailers manage one of their most significant costs -- inventory shrinkage, which includes employee theft, shoplifting, administrative and paperwork errors, and vendor errors/issues. In addition to the financial impact of "shrink," the survey provides new insight on the effectiveness of the programs and tools employed by retailers to combat it. The study estimates that the U.S. retail industry loses a staggering $46 billion annually to inventory shrinkage, and that employee theft delivers the heaviest blow in terms of dollars lost. "Companies are placing a renewed emphasis on managing ... industry trends, business articles and survey research
How to Allocate Retail Loss Prevention
Profit in any business requires an increase in income and decrease in expenditure. The same theory applies to the retail industry. To make profit in retail requires an in increase sales and reduction in shrinkage. This concept has so far been non-existence in the retail industry where the focus has always only been on increase sales and hoping that the problem of shrinkage will miraculously disappear. Retail shrinkage occurs as a result of poor or non-existent loss prevention policies and procedures. Therefore, it is imperative that any retail organisation that wishes to remain profitable include loss prevention in its standard ... industry trends, business articles and survey research
RELATED NEWS
Garbanzo Mediterranean Grill Selects Envysion as Exclusive Video Provider
the leading Managed Video as a Service (MVaaS) provider, today announced that Garbanzo Mediterranean Grill has selected Envysion as their exclusive video provider and is deploying the company's Envysion Insight managed video solution to all existing and planned expansion locations. Garbanzo Mediterranean Grill, a rapidly growing Colorado owned and operated fast-casual concept whose menu features authentic and healthy flavors of the Mediterranean, will use Envysion's point-of-sale (POS) integrated managed video to support loss prevention, improve operations, and drive bottom-line profit improvements. "The Envysion ... market trends, news research and surveys resources
Wren's Eric White Offers Best Practices for Retailers to Bring in Revenue, Not ...
To help retailers get in the right mindset to tackle the challenges and benefit from the opportunities that special events present, Eric White, Wren's director of retail strategy, has made some best practices available in a Wren's Bird's Eye View Advisory and as video content available for viewing at http://budurl.com/RetailSpecialEvents ATLANTA, July 13 -- /PRNewswire/ -- To help retailers get in the right mindset to tackle the challenges and benefit from the opportunities that special events present, Eric White, Wren's director of retail strategy, has made some best practices available in a Wren's ... market trends, news research and surveys resources

INFORMATION RESOURCES

ASIS — Retail Loss Prevention Council
Retail Loss Prevention Council. Special points of interest: • In the Press— see articles and/or interviews of Members of the ASIS. Retail LP Council. ... technology research, surveys study and trend statistics
CDC - Occupational Violence - NIOSH Workplace Safety and Health Topic
An average of 1.7 million people were victims of violent crime while working or on duty in the United States, according to a report published by the Bureau of Justice Statistics (BJS), each year from 1993 through 1999. An estimated 1.3 million (75%) of these incidents were simple assaults while an additional 19% were aggravated assaults. Of the occupations examined, police officers, corrections officers, and taxi drivers were victimized at the highest rates. The Bureau of Labor Statistics’ Census of Fatal Occupational Injuries (CFOI) reported 11,613 workplace homicide victims ... technology research, surveys study and trend statistics
Michigan State University Libraries - Criminal Justice Resources ...
"Shoplifters and dishonest employees stole over $5.8 billion in 2005 from just 24 major retailers, according to the 18th Annual Retail Theft Survey conducted by Jack L. Hayes International, the leading loss prevention and inventory shrinkage control consulting firm. These surveyed retailers apprehended over 670,000 shoplifters and dishonest employees in 2005, and recovered more than $127 million from those apprehensions, a 17.3% increase over 2004 recovery dollars." Source: Jack L. Hayes International Shoplifting is our nation�s �silent crime�. Parents don�t want to believe it, schools don�t address it, retailers don�t ...
REAL TIME
RETAIL LOSS PREVENTION ARTICLES
QUESTIONS AND ANSWERS
Warehousing: Shipping Loss Prevention, ups dhl, signature confirmation
Specialist in 3rd Party Warehousing and eCommerce Fulfillment, Generalist in handling, storage and distribution of most products and commodities including Retail Goods, Food Products, and HazMat Experience 25 years in retail distribution, both private and 3rd party. President of 3rd party logistics provider in Los Angeles for 10 years Organizations Warehouse Education Research Council, Council of Logistics Management, International Warehouse Logistics Assn. You are here:   Experts > Industry > Logistics/Supply Chain > Warehousing > Shipping Loss Prevention Expert: Larry Willett - 4/14/2007 Question I�m trying to create a ...
Google Answers: Shoplifing in Illinois: Loss prevention ...
Hello genericon-ga: As you're about to learn, the role of LP is really surveillance. In many cases, the police are called in right away. Because of fear of lawsuits, stores can't risk holding suspects on-site for any real length of time. Nor does it usually fall to LP to handle negotiations, although increasingly, stores are opting to pursue civil fines, rather than prosecute in the criminal courts. UNDERSTANDING ILLINOIS THEFT LAWS: First, it's important to understand the actual statutes, so I checked shoplifting laws in Illinois. On January 9, 2003, the governor's office announced ...