4 Simple Ideas for Loss Prevention in Retail

Loss prevention in retail is a major concern. Losing products between the point of manufacturing and the point of sale causes a significant loss of profits for retailers every year. As per a study by Global Retail Theft Barometer, global retail industry lost $128 billion in 2013. However, before we delve into the ways with … Continue reading 4 Simple Ideas for Loss Prevention in Retail

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Retail Surveillance – Restricting Sweethearting in Retail Chains

Sweethearting (the practice of giving discounts or free merchandise to customers) has been recognized as the most common type of internal theft and the biggest contributor to loss in the retail sector. However, unlike other forms of internal theft, it involves collusion of both; the customers and the employees. A study that appeared in the … Continue reading Retail Surveillance – Restricting Sweethearting in Retail Chains

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6 Tips for Retail Theft Prevention

Shoplifting has always been a major cause for concern for the retail sector. In 2015 alone, shoplifting accounted for nearly 38% of all retail inventory loss, according to the national retail foundation and university of Florida. The industry continues to lose billions while most thieves get away with it. This is the reason I am … Continue reading 6 Tips for Retail Theft Prevention

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6 Tips for Loss Prevention in Retail

In the year 2015, theft accounted for over 38% of all inventory loss. Internal theft and shoplifting have been a disease infecting the industry since as long as retail has existed. The total amount of loss faced by the industry due to theft was close to $38 billion last year. That is why there are … Continue reading 6 Tips for Loss Prevention in Retail

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