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Smash-and-Grab Is Only One Part of a Retailer’s Loss Prevention Story

Retail TouchPoints

Yet despite the growing frequency of ORC, retailers would be remiss to focus their loss prevention 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 Loss Prevention Research Council, 68.8% Similarly, 57.8%

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Turn Your Store Associates into Superheroes with These Four POS Capabilities

Retail TouchPoints

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 loss prevention. They need to keep track of what’s new, what’s unique to their location and what just went on sale. the fulfillment scenarios really are endless.

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Ecommerce vs. Retail Packaging: A Tale of Two Boxes

Retail TouchPoints

Packaging can also contribute to loss prevention strategies by incorporating security seals or tamper-evident features. Ecommerce Packaging Protecting Your Product on its Journey E-commerce packaging focuses on the design and materials used to safeguard products during the shipping process.

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Sensormatic Solutions showcases new, sustainable SPX AM Label designed to protect merchandise and the environment

Retail Focus

This new label can give retailers another easy, accessible way to do their part to protect the planet and move the needle on helping reduce environmental impact while maintaining precision loss prevention.”

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Transaction Similarity Analysis: a Cutting-Edge Solution in Fraud Detection

Retail TouchPoints

For example, an online retailer noticing a spike in high-end electronics purchases from new accounts using the same shipping address can use ML-powered algorithms to flag these transactions. When one transaction is identified as potentially fraudulent, the system can alert the others, halting the fraud attempt in its tracks.

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How Retailers can Combat the Rising Threat of Theft

Retail TouchPoints

Optimize inventory management: Like damaged products and shipping errors, theft can negatively impact retail inventory management. Throughout his retail career, loss prevention remained a focus. With Acuity Stamm provides retailers with actionable insights and real value to benefit their businesses.

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6 Trends Driving Store Design Innovation in 2024

Retail TouchPoints

For example, they need to support omnichannel services like BOPIS, ship-from-store and seamless returns. Trend 6: Loss Prevention 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.