How Tensator can stop retail theft

The lack of a standardized definition for organized retail crime complicates efforts to address shrinkage and theft in the retail sector. Precise terminology is essential for practical solutions. https://bit.ly/43P3Sti Retail Dive #retail #SupplyChain

As retailers grapple with shrink and theft, the data used to measure these issues is becoming increasingly unreliable, and we're left with more questions than answers. While organized retail crime, shoplifting, and cargo theft remain concerns, self-checkout policies, locked merchandise, and loss prevention strategies are evolving in response. With fewer retailers reporting shrink data and changing public policy, what’s next in the fight against retail crime? #RetailCrime #Shrink #LossPrevention #RetailTrends #OrganizedRetailCrime #RetailNews

Did you know you can reduce stealing in your shop by saying hello in the first 3-4 seconds to people who come in the door? Read our 3 Top Tips To Reduce Retail Theft article to find out more. #retail #retailsecurity #retailtheft https://lnkd.in/ehKA5QZ2

📰 A third of UK consumers witnessed an instance of retail theft in the past 12 months, according to the latest research by Retail Insight, provider of store operations execution software. With the ONS reporting that more than 402,000 shoplifting offenses were recorded by police in 2023 – the greatest number since records began in 2002 – retail crime is a growing and costly challenge for retailers. Last year, cases of convenience store theft increased fivefold. Such is the extent of rising retail theft that customers are increasingly noticing crime in-store. Original research of over 1,000 UK shoppers by Retail Insight revealed that 30% had witnessed an instance of shoplifting during the past year, rising to 44% of consumers in London. 🌐 👉 https://lnkd.in/dN5qKR4t #LatestNews #RetailSecurity #RetailCrime

Retailers across the U.S. have reported a 93% increase in the average number of shoplifting incidents per year in 2023 versus 2019, and a 90% increase in dollar loss due to shoplifting during the same period, according to the Impact of Retail Theft & Violence 2024, a report released yearly by the National Retail Federation. https://lnkd.in/gTXCQ9Ed

Retailers across the U.S. have reported a 93% increase in the average number of shoplifting incidents per year in 2023 versus 2019, and a 90% increase in dollar loss due to shoplifting during the same period, according to the Impact of Retail Theft & Violence 2024, a report released yearly by the National Retail Federation.

Did you know you can reduce stealing in your shop by saying hello in the first 3-4 seconds to people who come in the door? Read our 3 Top Tips To Reduce Retail Theft article to find out more. #retail #retailsecurity #retailtheft https://lnkd.in/emRMJtiV

Did you know organized retail crime is a $5 billion industry in Canada? In How Shoppers Drug Mart Reduced Store Theft Nationwide, we take a look at how CBSF helped Shoppers Drug Mart reduce store theft across their 1200 stores by 90 percent. That’s right, 90 percent. How did we install custom and standardized lock-up systems, tailored to each store's unique layout, all while balancing the impact on customer experience? I’m proud to say it had a lot to do with efficient planning, production and installation by a team with a reputation for doing what it takes to get the job done. Read more about it in the post. #OrganizedRetailCrime #RetailTheft #RetailSecurity #CrimePrevention #ShoppersDrugMart #StoreTheftReduction

🔒 How are you safeguarding your retail business against the growing threat of organized crime rings and the significant financial losses incurred through retail theft? Executives are sounding the alarm on the financial repercussions and operational challenges brought about by these criminal activities targeting stores. From stolen merchandise to lost revenue, the effects of retail theft are far-reaching and costly. 💸 The numbers don't lie - theft costs businesses billions of dollars each year. Retail theft is not just a problem for businesses, it's a problem for all. We support retailers in their efforts to combat theft, we can help protect our communities and ensure a safer shopping experience for everyone. Contact us: [email protected] 🛡️ #scorpionsecure #retailsecurity #eliminatetheft https://hubs.li/Q02spvJV0

With retail crime continuing to plague retailers and their store colleagues, what measures can you put in place to help prevent this? 👮 Laura J.' blog identifies 3️⃣ ways you can combat retail crime by implementing headsets in your stores. Check it out ⬇️ #retail #theft #crime #technology https://hubs.ly/Q02PFJHP0