Click the picture to download a PDF of this story. When Disaster Strikes When was the last time you reviewed your operation’s disaster preparedness plan? More importantly, does your business even have a disaster plan? As a retailer, the day-to-day …
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Safeguarding Your Operation From Disaster
Establishing a plan that addresses your business’s needs immediately before, during and after a disaster could be the key to keeping employees safe, protecting your building and staying operational. No matter what kind of emergency you face, having guidelines in …
Read More »3 Benefits to Upgrading to the Cloud
Has your company considered the cloud? Small businesses from all sectors are seeing the benefits of implementing cloud technology—which means storing data remotely and accessing it through the internet, instead of storing in your local office computer. From allowing extra …
Read More »Home Depot to Pay Another $25M in Data Breach Settlement
Home Depot is adding a $25 million settlement with banks and credit card companies to its rising data breach costs, which are nearing $200 million total. In September 2014, the retailer confirmed the massive data breach, which exposed payment card information from more than 50 million customers. …
Read More »Retail Inventory Shrinkage Up in 2015
According to the 2016 National Retail Security Survey (NRSS), conducted by the National Retail Federation and the University of Florida, retailers’ inventory shrink averaged 1.38 percent of retail sales, or $45.2 billion in 2015, up by $1.2 billion from 2014. …
Read More »E-Commerce Driving Retail Fraud Loss
Loss prevention is top of mind year-round for most retailers, but businesses may be more susceptible to retail fraud now than ever before. The National Retail Federation (NRF) reported findings from the 2015 True Cost of Fraud Study from LexisNexis, which …
Read More »Big-Box Retailers Settle on Data Breaches
For big-box retailers Target and Home Depot, their widely publicized data breaches continue to be a topic of discussion, and both are coming to agreements to pay for the costly hacks to consumers’ information. Target will pay about $39 million to …
Read More »Home Depot’s Sales Rise in Q2
The Home Depot today reported sales growth for the second quarter of 2015. The retailer had sales of $24.8 billion, for a 4.3 percent increase above the second quarter of fiscal 2014. Comparable U.S. store sales for the second quarter of …
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