When it comes to selecting the right loss prevention strategies for your storefront, it’s not just about considering the issues affecting your retail outlet in the present. Effective loss prevention also entails ensuring the equipment you purchase now will continue to serve you in the future to ensure the longevity and best return on your…
As the industry gears up for the busiest time of the year, retailers will be looking to maximise every opportunity to reap the rewards of the Christmas shopping season. And for many that will involve not just plugging leaks in their loss prevention strategy but also identifying areas of weakness where they can proactively reduce…
Every industry comes complete with its own jargon and unique terms. In the field of loss prevention, it’s no different. From EAS to RFID, here are some of the most common terms encountered and what they really mean. For starters Loss prevention – Quite simply, loss prevention is any initiative devised to minimise the…
It’s hard to imagine trusted employees might be stealing from your store, but a raft of statistics indicate that’s the case with the latest revealing employee theft could account for a quarter (24.37 per cent) of retail loss. So how do you guard your store from a thief behind the counter? Some sobering stats In…
Regardless of whether you intend on selling high-end clothing, funky stationery or the latest line-up of high-tech gadgets, every new shopfront should look at their security systems as an integral part of their set-up. Why? Because according to the Australian Retailers Association, the rising incidence of retail theft costs the industry billions of dollars each…
Cold hard statistics* may indicate global retail loss costs US$123.4 billion annually but Google presents an even grimmer picture, offering a host of insight into how shoplifters are attempting to get away with their crime. This month alone, retail loss stories on the web have extended from Walmart employees racking up $60,000 in stolen goods,…
As retailers across Australia converged on Melbourne for the Inside Retail Festival of Ideas last week, a key message was clear – retail is not just about the products, industry logistics or the threat to bricks and mortar from the online realm, it is about the consumer and the experience. Or, in what may well…
No matter whether it’s retail, hospitality, or government, modern business is all about the customer experience where consumers or patrons effortlessly interact with a brand. And increasingly business is turning to tablets to assist them with the task. Serving as kiosks, mobile Point of Sale, or just catering to the omnichannel environment, the humble tablet…
After months of testing and trials, retail behemoth Amazon has officially opened its flagship store in Seattle, launching a cashier-free, tech-savvy convenience shop known as Amazon Go. With “no lines, no checkouts” and “the world’s most advanced technology” the store showcases a possible future for the retail industry where consumers enter, grab their items and…
Mobile retail is set to rise, shopping is about to get a whole lot more personal and social media is set to enter a new phase as a real retail driver. These are the big-ticket items tipped to emerge this year as Australian retail enjoys a reprieve from the doom and gloom of mid 2017.…
2018 heralds a new year for retailers combatting the ongoing onslaught of theft, but they will have a host of advanced tools at their disposal as fresh technology and improved strategies come into play. These are the top trends likely to occur in loss prevention in 2018, and how they can arm your store against…
The Australian Retail Association has released its festive season predictions, tipping Australians will spend over $50 billion on Christmas shopping over the coming weeks, marking a 2.8 per cent rise on last year. Meanwhile retailers are urged to maximise their security over the period, with 35 per cent of annual retail loss incurred during the…