Shoplifter, Dishonest Employee Arrests Rise in 2017, Retail Theft Survey Says
Nearly 62% of the retail theft survey participants reported an increase in shrink in 2017, with 28.6% reporting a decrease, according to Jack L. Hayes Int’l.
Nearly 62% of the retail theft survey participants reported an increase in shrink in 2017, with 28.6% reporting a decrease, according to Jack L. Hayes Int’l.
Individual technologies for the retail industry could one day be combined to better provide actionable intelligence and predictive analytics, Imperial Capital analysts report.
Systems integrators can help end users of all sizes in the retail vertical who are collectively absorbing losses worth billions of dollars from vulnerabilities both outside and inside their establishments.
Retail loss “penalty” costs average U.S. household $615 annually; dishonest employees biggest contributor.
Research conducted for the National Retail Federation surveyed 100 senior loss prevention executives from various sectors in the retail market during March and April of this year.
The latest Global Retail Theft Barometer study finds shrink totaled $128 Billion worldwide, averaging 1.29% of sales.
Video surveillance is a common way to deter and catch employees breaking rules, but HR needs to make sure their forms of surveillance are legal.