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Federal Policies, AI and Supporting Law Enforcement: Retailers Fight Back Against ORC

Retail TouchPoints

billion in losses, up from $93.9 billion in 2021, according to a retail security report from the National Retail Federation (NRF) and the Loss Prevention Research Council (LPRC). Retailers and their loss prevention teams can’t tackle the problem alone. In 2022, shrink caused retailers $112.1

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Retail Crime on the Rise: Expert Advice on How Retailers Can Protect Stores and Associates

Retail TouchPoints

Additionally, a Business.org survey of small business owners found that 89% of small business owners experienced shoplifting in 2021. Participate in the broader industrywide loss prevention and asset protection activities. Retail Crime is a National Issue. Protect Your Frontline Associates — They Have Enough on Their Plates.

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Rethinking Hard Tag Removal: How RFID Technologies are Complementary to EAS Hard Tags

Retail TouchPoints

According to the National Retail Federation (NRF), retailers lost $112 billion due to shrink in 2022, up from nearly $94 billion in 2021. Craig Szklany serves as VP and Product General Manager, Loss Prevention and Liability at Sensormatic Solutions.

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AI-Powered Store Intelligence Shines a Light on Shrink

Retail TouchPoints

In fact, in the 2022 National Retailer Security Survey from the National Retail Federation (NRF), nearly nine in 10 respondents said analytics, and store and business intelligence, are what’s needed most to help fight shrink and bolster loss prevention teams. billion in losses, an increase from $90.8 billion in 2020.

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How retailers can combat shrink and create an enjoyable shopping experience

Inside Retail

The result is costing retailers billions in stock loss each year. The FoxTag is a revolutionary loss prevention system that empowers retailers to take back control. In May 2021 FoxTag announced its latest strategic partnership with Vitag in Australia.

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JD Sports Powers Digital Transformation to Spur Growth in Canada

Retail TouchPoints

JD Sports , a global retailer with more than 3,000 stores worldwide, has adopted a suite of solutions designed to boost its growth in Canada, a market the retailer entered in 2021. includes cloud technology solutions with rich mobile functionality for omnichannel, POS, merchandising, ERP, warehouse management, analytics and loss prevention.

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How to Protect Against Rising Organized Retail Crime

Retail TouchPoints

The annual survey of retail loss prevention experts found that almost nine out of 10 participating retailers reported an increase in overall risk for their company, with fraud increasing both in-store and online. In 2021, respondents saw a 27% increase in organized retail theft incidents.