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Nearly 20 top executives knowledgeable about current topics in retail technology and loss prevention are set to present at RETECH 2011: Retail Technologies Americas –the leading loss prevention conference. Join us this May 9 – 11 in Ft. Lauderdale, Fla.
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RETECH 2011 is being held this year May 9 – 11 at the Westin Beach Resort, Ft. Lauderdale, Fla. Join us to hear retailers talk about and give real world examples of the latest and most innovative technologies that are helping them to lower costs and increase profits.
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I was recently interviewed by USA Today about retail return policies after the holidays. Some retailers had announced that they would relax return policies as a way of creating goodwill and luring customers back to stores after the holiday rush. A recent report by NRF said that retailers were expected to lose more than $30 million this holiday season to retail fraud alone.
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A recent report sites meat, alcohol, health & beauty supplies, razor blades and baby formula as some of the most shoplifted items. What these all have in common is that they are relatively expensive, easy to resell and in most cases they can also be hidden in a bag, jacket or other clothing.
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Retail organizations are combining their resources to fight the growing problem of organized retail crime (ORC). The Food Marketing Institute and the National Retail Federation recently announced they will work with eBay to make it more difficult for ORC gangs to steal and then sell their stolen goods.
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I recently read an interesting article in the Baltimore Sun talking about the effectiveness of video surveillance cameras – particularly in malls and retail settings. According to the article, a few years back a science teacher was murdered in the parking garage at an area mall. That resulted in a Baltimore County law that requires shopping centers with big-box retailers or more than 15 stores to install enough security cameras to be able to monitor 75 percent of the parking spaces.
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