Articles by tag: retail theft

Amid Concerns Over Organised Retail Theft, Retailers Must Turn to Tech to Safeguard Stores and Enhance Customer Experience

Organized retail theft

Target it set to close nine stores in cities including New York, Seattle, and San Francisco by October 21, amid concerns over theft and safety. In response to the growing concern of organized retail theft, Texas has established the Organized Retail Theft Task Force, with Texas Comptroller Glenn Hegar appointing ten members from various sectors, […]

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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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Retailers Can Mitigate Inventory Shrink Through Theft Detection AI and Better Store Design

The retail landscape is seeing a lot of changes and those changes have brought both opportunities and challenges. One of those challenges is the rise in inventory shrink, which is being blamed for the sudden retail exodus. Between thefts and shifting consumer behaviors, inventory accuracy is now emerging as a growing concern for […]

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Why is Theft Leading to a Growing Retail Exodus? Some Experts Say Weak Penalization Is Part of the Problem.

Several major cities, particularly San Francisco, are seeing a retail exodus as many businesses are reporting a rise in theft and reevaluating their presence in these areas. These departures suggest a troubling environment that can still attract tourists, but the rise in crime is having a negative effect on the general business landscape. […]

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Retail Theft is Pushing Stores to Weigh the Risk of Keeping a Physical Presence

In today’s retail landscape, the role of brick-and-mortar stores has been under scrutiny, especially with the rise of online shopping and retail theft. The iconic San Francisco Centre Nordstrom store, a downtown staple for over three decades, has permanently shut its doors, reflecting the city’s changing dynamics and rising crime rates. Retail theft has even […]

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More Community Action is Needed to Help Prevent the Growing Amount of Organized Crime Targeting Retailers

This growing phenomenon of retailers pulling out of cities plagued by organized crime offers more than just a lesson in economics; it’s a call to collective action. With the recent departures of major retailers, like Nordstrom, in cities like San Francisco, a major shift is happening in retail. If stores are not leaving, they’re going […]

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Retail Roundtable: How Serious is the Retail Shrink Crisis?

In recent years, the narrative surrounding retail shrink—a significant issue for brick-and-mortar stores—has taken a dramatic turn. Fueling headlines are reports of escalating organized retail crime (ORC), with stores like Walmart shuttering locations in Portland, Oregon, and Target predicting a $500 million impact on profitability due to inventory shrink. Contrarily, some recent surveys show […]

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telecom project success in healthcare
Telecom Project Success in Healthcare Usually Comes Down to Working with the Right Decision Maker
April 15, 2024

In the rapidly evolving landscape of healthcare technology, telecommunications plays a crucial role. As healthcare providers increasingly rely on digital solutions—from telemedicine to electronic health records—telecom companies are finding new opportunities and challenges in this sector. Successfully implementing telecom projects in healthcare requires a nuanced understanding of the industry’s legacy communications infrastructure, unique demands […]

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visitor management systems
Enhance Security with Faster Adoption of Digital Visitor Management Systems
April 15, 2024

As workplaces evolve into hybrid environments, the urgency to replace traditional paper logbooks with advanced digital visitor management systems has become a critical focus for organizations aiming to bolster security. The reliance on outdated methods poses significant security risks, a concern highlighted by increasing incidents of unauthorized access and data breaches globally. This pressing […]

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access control
Redefining Access Control: Mobile Credentials Integrate Security, Privacy, and IT Seamlessly
April 15, 2024

As businesses increasingly lean on technology to enhance security and operational efficiency, the topic of access control has surged to the forefront. This rise is particularly driven by advancements in mobile credential technology—a shift from traditional physical credentials to digital solutions hosted on personal devices like smartphones. The growing ubiquity of smartphones and heightened […]

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brick-and-mortar store resurgence
Unique In-Store Experiences Are Driving a Brick-And-Mortar Retail Resurgence
April 15, 2024

What’s behind the recent brick-and-mortar store resurgence? Could it be that big box stores recognize the one-of-a-kind shopping experiences that can occur in person? Finding unique ways to capitalize on those in-store experiences may lead to a brighter future for retail. Big box stores are reasserting the importance of their physical presence, continuing to […]

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