Retail TouchPoints

JULY 15, 2024

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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Loss Prevention Outdoor Location Shopping 260

Retail TouchPoints

NOVEMBER 18, 2022

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.

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Loss Prevention Store Operations ATS Shopping 304

Retail TouchPoints

JULY 13, 2023

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. The company currently operates 23 stores in Canada under the JD , size? The Retail Management Suite from Jesta I.S.

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Retail TouchPoints

DECEMBER 15, 2023

billion in 2021 retail shrink could be attributed to ORC. That kind of makes sense as well: employees know how a retailer’s loss prevention systems work, so the unscrupulous among them would have a better understanding of how to game the system for their own benefit.) Additionally, definitions remain vague.

Sporting Goods 273

Sporting Goods Loss Prevention Store Operations Payment Services 273

Retail TouchPoints

NOVEMBER 7, 2023

According to the 2022 Organized Retail Crime Survey from the National Retail Federation, in partnership with Appriss Retail and the Loss Prevention Research Council, for every $1 billion in revenue that a U.S. increase in ORC incidents between 2021 and 2022. Organized retail crime is a growing problem.

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Retail TouchPoints

AUGUST 23, 2023

increase in theft attributed to ORC in 2021. Consumer concerns about retail crime also are on the rise: a recent video that shows robbers stealing $300,000 worth of merchandise from a Los Angeles Nordstrom store has gone viral.

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Loss Prevention Sporting Goods Promotions Consumer 246

Retail TouchPoints

FEBRUARY 9, 2024

According to the National Retail Security Survey, losses attributed to retail theft rose to $112.1 billion in 2021 — and experts expect this year’s total to continue to rise. He brings more than 30 years working with the retail industry and specializes in loss prevention, safety, ecommerce fraud and supply chain security.

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Loss Prevention Jewelry Customer Experience Management 277