In light of shooting incidents in stores, shopping centers, schools and other crowded locations, there has been heightened attention to prevent and respond here in the U.S. and abroad.
The National Retail Federation’s 2011 Loss Prevention Conference announced that J. Paul Raines, CEO of GameStop and Albuquerque Chief of Police Ray Shultz will address more than 2,600 retail loss prevention executives during the three-day event.
According to the Global Retail Theft Barometer, retail shrink accounted for $107.284 billion in 2010. As retailers begin to determine their goals and initiatives for 2011, they need to consider how to identify and prevent the margin-robbing activities that are cutting into their bottom lines. Here are a few commonly missed fraudulent activities and operational errors, along with some tips on how to combat them.
Members of the Loss Prevention Research Council (LPRC) invite retailers and solutions providers to join its Benefit Denial Working Group (BDWG) to develop and test product protection solutions.