Shrink—comprised of shoplifting, employee or supplier fraud, organized retail crime and administrative errors—cost the retail industry more than $112 billion globally last year, according to the 2012-2013 Global Retail Theft Barometer, and represented 1.4 percent of retail sales, on average.
CKE Restaurants Holdings, Inc., which has more than 3,300 restaurant locations in 42 states and in 28 countries, needed a solution that allowed them to record quality video that integrated with their existing satellite uplink.
After data breaches hit major retailers at the end of last year, Americans are growing more concerned about credit and debit card fraud, according to the 2014 Unisys Security Index.
A study reveals that while counterfeit consumer electronics are a significant concern to U.S. consumers, most seem to be unaware of the full impact and risks of their purchase and use.
Theft is due to bad economy or personal hardships. It is driven by bad people. It results in loss of profitability and reduced compensation. It is not the cost of doing business.
