Discover loss prevention strategies and technologies that help retailers reduce theft, improve security, and protect profits. Learn more today!
retail theft news
Refund and exchange fraud is a growing threat to retail companies, quietly eroding profits and undermining trust between businesses and their customers. While most shoppers use return policies responsibly, a small but increasingly sophisticated group exploits these systems, costing retailers billions each year. The Saks stylist scam involving Shail Kwatra,
Artificial Intelligence
Recent breakthroughs in artificial intelligence have brought us to a pivotal moment. According to the GDPval benchmark by OpenAI, frontier AI models now demonstrate performance at nearly 50% parity with human experts across 44 real-world occupations, spanning the industries that most contribute to global GDP. Constructed from the representative work
retail theft news
Self-checkout lanes have revolutionized retail, offering speed and convenience for shoppers while helping chains reduce labor costs. Yet, this innovation has come with a hidden cost: a dramatic surge in theft and shoplifting incidents. Recent surveys reveal that more than one in four self-checkout users admit to stealing, a trend
retail theft news
Over the past few years, Arc’teryx has very successfully redefined “luxury” in China. Primarily known as a niche brand for mountaineers and serious outdoor enthusiasts, it has transformed into a symbol of status: functional, high-quality, aspirational. According to recent reports, about 45% of its total 2024 sales came from
budget retail challenges
In theory, budget retailers like Poundland should be thriving as the UK grapples with a cost-of-living crisis. Yet, the reality is starkly different. According to the BBC, more than 100 Poundland stores have been earmarked for closure since the summer, with the company shrinking its footprint from over 800 stores
Retail Technology
In today’s rapidly evolving retail landscape, the intersection of technology and humanity is more important than ever. As businesses strive to serve communities and customers better, the philosophy of “Helping Here” stands out as a beacon of hope and responsibility. H-E-B, a beloved Texas-based grocery chain, exemplifies this philosophy
retail theft news
In the ever-evolving landscape of retail, technology continues to play a pivotal role in shaping operational efficiency and customer experience. One of the most pressing challenges for retailers is shrinkage—losses due to theft, fraud, and operational errors. Sainsbury’s, a leading retail chain in the UK, has taken a
theft news
Retailers across the US and UK are facing record losses from theft, fraud, and operational errors — challenges that traditional security measures can no longer keep up with. $45 billion in retail theft losses were reported in the US in 2024 — projected to exceed $53 billion by 2027. Organized retail crime
Loss Prevention
Employees are the eyes and ears on the ground, making their engagement critical to the success of any loss prevention strategy.
computer vision
Essentially, we are transforming the input from the cameras into a live assistant, one which is able to provide vital updates and answer questions backed by the most up-to-date information you have available.
Artificial Intelligence
Recent history has taught us many valuable lessons that will shape the way we live and work in the future. Reflecting on the steps taken during the early stages of the COVID-19 pandemic, we can draw valuable lessons for combating the rise in shoplifting.
computer vision
There is a lazy assumption in the tech industry that artificial intelligence systems can only run efficiently if they use GPUs. Mandating this kind of specialised device has a few important effects