June 24, 2015

Retailers lose billions of dollars to shoplifting, employee and vendor theft and administrative error, collectively known as inventory shrink.

June 22, 2015

There is a disconnect between IT and loss prevention departments when it comes to budgets, focus and staffing, according to a study by IHL Group and Axis Communications.

June 9, 2015

More than1.2 million shoplifters and dishonest employees were apprehended in 2014 by just 25 large retailers who recovered over $225 million from these thieves, according to the 27th Annual Retail Theft Survey conducted by loss prevention and inventory shrinkage control consulting firm Jack L. Hayes International.

June 5, 2015

Most retailers will never recoup the expense that EMV imposes, according to research from IHL Group, and the study says there is a much better approach to protecting retailers and consumers.

June 2, 2015

The answer to the questions above may not be as obvious as one would think. Retailers not only suffer losses in the billions, but they also must spend millions in an effort to thwart this behavior.

May 18, 2015

The shift towards an omnichannel retail environment is no longer a theory; it’s a reality that customers are expecting higher levels of customer experience and savvy retailers are responding to as fast as they can. As the lines between brick-and-mortar, online and mobile shopping continue to blur, retailers must deliver an exceptional customer experience across all channels.

April 15, 2015

Specialty vertical apparel retailer Tommy Bahama promotes relaxation with its brand image, but is not taking it easy when it comes to loss prevention (LP).

March 30, 2015

Employing 45 profit protection managers and using three different POS systems across 11 global markets, Germany-based vertical athletic apparel/footwear retailer Adidas does not have an easy time managing loss prevention.

March 24, 2015

Sephora has chosen Vector Security as its partner while it focuses on technology upgrades to enhance loss prevention in its North American locations.

January 20, 2015

The National Retail Federation “Big Show” is always a good barometer of what trends will influence the retail technology landscape for the coming year, and the just-completed 2015 edition was no exception.

December 30, 2014

Global retail shrinkage improved by 4.8% last year, thanks to strengthened loss prevention efforts and general economic improvements.

December 19, 2014

The industry will lose an estimated $10.9 billion to return fraud this year, with  $3.8 billion accounted to this holiday season alone, up slightly from last year’s $3.4 billion. 

December 17, 2014

Retailers that run an effective loss prevention program experience huge financial gains while those that don’t risk significant loss. 

November 6, 2014

Shrink—including shoplifting, employee or supplier fraud and administrative errors—cost the global retail industry more than $128 billion last year, with $42 billion lost in the United States alone. 

October 7, 2014

Tyco Retail Solutions has announced positive results from its RFID pilot with Chico’s FAS. With focus on evolving its omnichannel retailing strategy, Chico’s partnered with Tyco to address inventory accuracy and visibility challenges in 13 Soma Intimates pilot locations.

September 2, 2014

Talbots has selected Mi9 BI, Mi9 Merchant, and Sales Audit solutions with loss prevention software products to replace its existing core merchandising and inventory management systems.

June 24, 2014

Cameras at the point of sale have become a routine feature of brick-and-mortar stores. They help ensure that items do not get stolen or accidentally passed through checkout lines without being scanned. But the “tale of the tape” by itself is not always obvious when it comes to detecting and preventing loss at the POS.

June 12, 2014

The National Retail Federation (NRF) presented its annual Ring of Excellence, Law Enforcement Retail Partnership and Retail Case of the Year awards during the NRF Loss Prevention Conference and Expo on Thursday, June 12.

June 11, 2014

Italian hypermarket retailer Bennet has completed the rollout of electronic article surveillance (EAS) loss prevention solutions in its stores in Italy.

April 3, 2014

Family Dollar is rolling out electronic article surveillance (EAS) loss prevention technology from Checkpoint Systems across the retailer's more than 8,000 stores nationwide.

January 27, 2014

Merchandise returns in 2013 cost U.S. retailers more than $267 billion in lost sales.

December 2, 2013

Shrink is an unavoidable fact of life for retailers. But by leveraging electronic article surveillance (EAS) technology that places security tags on items, retailers can minimize the frequency and financial impact of shrink.

Matthews, N.C.-based Family Dollar Stores, Inc. has been using EAS technology to reduce shrink at select high-risk locations for more than 15 years. However, about three years ago, the retailer determined that using EAS tags on higher-priced items at all of its roughly 7,900 stores would help control external shrink throughout the chain.

November 8, 2013

Regional specialty gift retailer The Paper Store is leveraging the Epicor Retail SaaS solution, a hosted enterprise software suite that includes Epicor Retail Store, CRM, Merchandising, Sales Audit, and Loss Prevention applications.

June 6, 2013

Los Angeles, New York and Chicago top the list of the cities with the highest organized retail crime activity, with Miami and Atanta rounding out the top five, according to a study by the National Retail Federation.