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Top strategies to reduce retail shrinkage

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Part 2 – Electronic Article Surveillance – Alarmed and alert   Regardless of the size or location of a retail shopfront, loss prevention is a daily challenge. For Australian retailers it’s a $2.7 billion problem annually, according to the Global Retail Theft Barometer, with shoplifting and employee theft accounting for over 75% of this loss.…

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Top strategies to reduce retail shrinkage

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Part 1: CCTV Surveillance – The eye in the sky Each year three per cent of retail sales is written off to the wasteland of retail shrink. Comprising the elements of shoplifting, employee theft, fraud and inventory error, this shrinkage costs the Australian economy $2.7 billion, or $424 per household per year, according to the…

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Staying a step ahead of the retail theft game

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For as long as there has been retail there’s been the good ol’ five finger discount. And for as long as shop owners have been finding inventive ways to protect their wares, would-be thieves have been carefully crafting creative ways around them. The challenge for the modern retailer is that in the past retail security…

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Why the numbers stack up for retail counting?

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Retail has always been a game of numbers, with two critical elements at play: how many people walk through the door and how many proceed to make a purchase. In-store traffic counting provides the basis of that formula, with experts noting if you don’t have that data, you’re literally “flying blind”. It tells you how…

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Business now driving the tablet trend

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Where once the trusty tablet was all about entertainment and e-books, a new sector is now dominating sales, with business actively embracing the tablet trend. Deployed for field work, activity on the go and extensively in the retail and hospitality sectors for point of sale, this commercial market is being carefully courted by the likes…

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RFID in infographics

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Here are some interesting facts on RFID trends, and how implementing RFID systems into your store can save your business time and money.

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Why RFID is revolutionising retail?

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RFID is one of the biggest innovations the retail landscape has enjoyed over the past 15 years, but this little acronym stands for a whole lot more than just radio frequency identification. Its constant evolvement and refinement is not only revolutionising product security but changing the playing field of inventory and data management beyond recognition. Here’s…

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How security can improve the customer experience?

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Security might be the retailer’s concern, but when it comes down to the bottom line, better security benefits retailers and consumers alike. Done well, it allows customers a seamless experience where they can freely interact with merchandise and experience the products they seek to buy. Implemented poorly, and a retailer’s security protocol can be intimidating,…

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Why do well-off people shoplift?

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By Kathryn Westcott BBC News Magazine Chef Antony Worrall Thompson has apologised for shoplifting from a supermarket. But what makes people steal things when they have enough money to pay? Worrall Thompson has apologised for his “stupid and irresponsible actions”, after being cautioned by police for leaving a branch of Tesco without paying for small…

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Inside the mind of a pathological shoplifter

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By Adam Eley BBC Victoria Derbyshire programme The thought of shoplifting may well conjure up images of teenagers trying to impress friends, but for one woman – who has been shoplifting for over 20 years – it has become a compulsion that is dominating her life. For Laura – not her real name – it…

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