Articles by tag: retail crime

Mob-led Theft is Costing the Retail Industry Billions. We Need More Than Just Store Security to Stop It.

mob-led theft

Target has announced the closure of nine stores across California, Oregon, Washington, and New York, due to a surge in thefts and organized retail crime. And its shoplifting concerns are being echoed by other retailers: Whole Foods and Ulta Beauty are among the several businesses that have reported rising theft, while Nordstrom recently closed […]

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Can Businesses Prevent Retail Theft Without Hurting Their Customer Experience? Here’s What’s Working.

Last year, retail theft caused businesses to lose a staggering $112.1 billion. Released by the National Retail Federation, these findings indicate a 19.4% increase compared to the previous year. From brands like H&M announcing enhanced anti-shoplifting measures to Target closing nine stores, retail theft is having serious repercussions on retailers and shoppers. Is there […]

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A Sound Loss Prevention and Asset Protection Strategy Could Mitigate the Rise in Retail Crime

A spike in retail crime and the changing dynamics of the city were two reasons cited for the permanent closure of the iconic San Francisco Centre Nordstrom store, a staple for over three decades. Chief Stores Officer Jamie Nordstrom had previously alerted employees about the company’s decision not to renew its lease, citing the […]

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How Leveraging Social Media Investigations Can Detect and Resolve Crimes

Dave Mozden, a board member of the International Supply Chain Protection Organization (ISCPO) and consultant with Sendero Solutions Group, discussed at the ISCPO 2023 Conference how leveraging social media can detect and resolve crimes.  Social media has become a gray market platform for the movement of illicit goods. Organized retail crime has now become organized […]

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Target Was the Target of Retail Thieves in 2022, And It Cost The Company Millions

Target’s recent quarterly earnings were unfortunately lackluster all-around, missing quarterly expectations with a profit margin of 3.9%, lower than its 5.35% estimates. Consumers’ dwindling confidence and tightening pocketbooks are likely to blame for a slow down in revenue for the retail giant; chairman and CEO of Target blamed “meaningfully” lower sales and profit margins […]

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security communication solutions
Game-Changing Security Communication Solutions On Display at IWCE
March 28, 2024

One of the spotlights at this year’s IWCE event in Orlando, Florida were the security communication solutions which make a significant different in sensitive environments like public schools. How can dealers successfully navigate partnerships with agencies to enhance their security measures? Jon Paul Beauchamp of Icom America caught up with Paul Toth, the Owner […]

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four perspectives in 2024
Amend & Progress: Exploring Four Perspectives in 2024 and Beyond
March 28, 2024

In a dynamic exchange on the Amend & Progress podcast by Vodori, Annalise Ludtke explores four perspectives in 2024 that will help bring effective content to the market now and beyond. With the participation of Vodori’s CEO and Co-Founder, Scott Rovegno, the conversation unveils insights on macro-level topics crucial to the organization’s strategic direction. […]

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retail in the digital age
APL Is Redefining Retail in the Digital Age with Tech-Infused Luxury Footwear
March 27, 2024

In an era where fashion and technology intersect more seamlessly than ever, particularly within the context of retail in the digital age, the discussion around innovation in the luxury footwear market is gaining momentum. This conversation comes at a crucial time when consumers are increasingly looking for products that not only offer aesthetic appeal […]

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grid expansion
Voices of ChargeExpo 2024: Lilypad EV Unites Grid Expansion with EV Charging for a Better User Experience
March 27, 2024

At ChargeExpo 2024, a pivotal discussion unfolded, shedding light on the integral relationship between grid expansion and the future of electric vehicle (EV) charging infrastructure. As electric vehicles continue to surge in popularity, the spotlight has turned to the supporting infrastructure, underscoring a critical challenge: the need for significant grid expansion to accommodate the […]

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