In New Orleans yesterday, where thousands of senior retail loss prevention executives and solution providers are gathered for NRF’s Loss Prevention Conference and Expo, University of Florida’s Dr. Richard Hollinger quantified exactly how retail theft is impacting the industry. Preliminary findings of the latest National Retail Security Survey suggest retailers in 2011 lost $34.5 billion to [...]
When it comes to retail loss prevention, Dr. Richard Hollinger is a veteran. Since he began conducting the National Retail Security Survey 20 years ago, Dr. Hollinger has learned more about retail shrinkage than, well, probably anyone else in the field. While the numbers will not be finalized until later this summer, Hollinger released preliminary [...]
Even when we aren’t in the throes of the Loss Prevention Conference & EXPO, NRF’s VP of Loss Prevention Rhett Asher is a hard man to pin down. I got lucky and found Rhett with 5 minutes to spare after this morning’s Loss Prevention Awards Ceremony & Industry Update. Watch Rhett’s update and overview 40 [...]
When we decided to aggregate and share the hottest items from our website, blog posts and NRF SmartBrief articles from the previous month, we learned something: we’re not the only ones who love knowing what’s popular. In fact, the September “What’s Hot” was so well-received among retailers that it was one of the most popular [...]
The final results of the National Retail Security Survey were released to industry executives just a few days ago. The quick findings: retail shrinkage averaged 1.51 percent of retail sales in 2008, up from 1.44 percent in 2007. Total merchandise losses increased to $36.3 billion, up from $34.8 billion in 2007. Instead of walking through [...]
Retailers’ struggle with employee theft has been in the news a lot lately, leading some to speculate that crime is merely an internal problem that is not impacted by outsiders. Nothing could be further from the truth. Is employee theft a problem? Of course. It always has been. Nobody wants to believe a new colleague [...]