Successful asset protection is an integral building block in the success of any retail operation. However, controlling loss and theft continues to challenge retailers worldwide, with merchandise losses averaging close to $40 billion per year (Hollinger).
Nearly half (46 percent) of all card skimming reported by the FICO Card Alert Services occurred at bank-owned ATMs in 2012 – a vast jump over 2011, when 79 percent of skimming occurred at point-of-sale terminals.
To pay for a security officer in the 24/7 downtown Atlanta location, one Waffle House is passing the cost of security onto the customer though a 20 percent surcharge.
In an effort to crack down on robberies at McDonald’s in Sydney, the company has hired a British security firm to install a system that sprays a “non-toxic solution with DNA Code” on would-be thieves on their way out the door of the fast-food outlets.
Up to five years in prison faces anyone guilty of knowingly committing organized retail crime, such as reselling stolen items to other stores or on the Internet.
The bottom line may be Wrangler Jeans.
Just as security and business applications are blending together through technology, asset tracking, especially in retail, is fitting into enterprises as snug as a pair of blue jeans.
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