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
Organized retail criminals are professional criminals that have caused the retail sector a loss of over $30 billion per year globally as per the survey conducted by the National Retail Federation. In response to these criminals, the retail sector depends heavily on their retail surveillance to protect them from losses. There are majorly 3 techniques that organized … Continue reading Combat Organized Retail Crime With Retail Surveillance
The number of industries and sectors that are applying internet of things technology to improve their operations is growing everyday. The retail industry cannot stay away from this technology as well as it can offer various benefits to it. For any retail chain, implementing this technology the right way can lead to enhanced efficiency and … Continue reading How Modern Retailers are Implementing Internet of Things
The retail industry is going through major changes. With rising challenges from e-commerce sites and ever demanding customers who are constantly asking traditional retailers to deliver customized and personalized services, most hypermarkets in India are going through a phase of financial uncertainty. In this situation, it is important that retailers reduce their losses and keep … Continue reading How Retail Video Analytics is helping Boost Store Performance
For the sake of security, CCTV cameras along with other methods have been used in retail stores for a long time. From a security point of view, e-surveillance for retail has been the next step towards increasing the safety and security of retail stores across the country. However, there are several other benefits that managed … Continue reading How managed retail surveillance helps optimize store operations
Loss prevention is an important part of retail operations, which is why every store got a dedicated department for the same to prevent inventory shrinkage. A Global Retail Theft Barometer study recorded an increase of retail theft from 1.28% of sales in 2013-14 to 1.97% in 2014-15 due to a rise in inventory shrinkage caused … Continue reading Retail Theft Prevention & Security Tips to Avoid Loss
Inventory shrinkage has a way of creating a dent into the balance sheets of retailers. It starts off with a slow impact and quickly builds up to be a serious point of concern. Internal theft, one of the major reasons of inventory shrinkage can be checked and prevented with a retail surveillance service. According … Continue reading How Retail Surveillance Service Prevents Inventory Shrinkage?