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Tag Archives: loss prevention

Loss Prevention Technology Roundup

As technology advances, there is an ever-increasing array of tools available to help you deter and detect theft at your retail operation. Understanding your options and making sure you’re using the solutions that make sense for your business is key …

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$743 Billion in Merchandise Returned in 2023


Retailers have been focused on efforts to mitigate returns, as total returns for the industry amounted to $743 billion in 2023, a return rate of 14.5%, according to a report released by the National Retail Federation (NRF) and Appriss Retail. …

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Mitigating the Consumer Impact of Retail Theft

With headline after headline warning of the rapid increase of retail theft and other related crimes, retailers have been working toward mitigating the negative impacts of these crimes on their operations and their bottom lines. While it’s clear how retail …

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Building on the Basics of Loss Prevention

loss prevention

According to a recent survey by Coresight Research, retail shrink is getting the attention of consumers, with 26% of respondents indicating they would shop elsewhere if their local store began locking items up. Additionally, 75% of consumers are moderately to extremely …

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Where Retailers Want to Put Their Tech Dollars

internal shrinkage

Total Retail, which provides retail executives with the latest news and analysis on the retail industry, conducted a survey of its audience to gain insights into how companies are using technology and how they plan to allocate future technology spending …

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3 Resources to Counter Organized Retail Crime

loss prevention strategies

Costing businesses money and peace of mind, shrink takes a toll on the retail industry, especially on independently owned and small- and medium-sized businesses. The National Retail Federation’s (NRF) National Retail Security Survey 2022 discovered retail shrink, which includes organized …

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