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Yet despite the growing frequency of ORC, retailers would be remiss to focus their lossprevention efforts solely on these brazen, smash-and-grab scenarios. In fact, according to the 2023 National Retail Security Survey conducted by NRF, Appriss Retail and the LossPrevention Research Council, 68.8% Similarly, 57.8%
They need to keep track of what’s new, what’s unique to their location and what just went on sale. Prepping click-and-collect orders, picking and packing ship-from-store orders, managing store-to-store transfers, etc. — Follow evolving protocols as they relate to lossprevention. Keep the stores tidy.
Optimize inventory management: Like damaged products and shipping errors, theft can negatively impact retail inventory management. Throughout his retail career, lossprevention remained a focus. With Acuity Stamm provides retailers with actionable insights and real value to benefit their businesses.
For example, they need to support omnichannel services like BOPIS, ship-from-store and seamless returns. Trend 6: LossPrevention Enters the Design Conversation Earnings results from Dick’s Sporting Goods, Lowe’s and Target brought theft, and specifically organized retail crime (ORC), into the media spotlight.
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