Imagine a retail world rapidly transforming, a landscape where the traditional brick-and-mortar model faces the relentless tide of e-commerce. Well, there is no need to imagine as this is 2024, where market losses surpass $112 billion, and the term “retail apocalypse” is not just hyperbole but a stark reality.
- By James Lubary
- Mar 25, 2024
As the year's peak shopping season hits its stride, an inaugural Retail Worker Safety Report from Motorola Solutions found that many retail workers and managers perceive safety incidents at their stores are on the rise.
Many retail operators continue to face a daily balancing act of maintaining both an online and in-person presence. The coronavirus pandemic accelerated our adoption of online shopping, and the expectation now is that every retailer needs to be proficient in both arenas. This places a heightened emphasis on secure operations that ensure a seamless experience for the customer no matter where they pull out their credit card.
- By Brian Davidson
- Nov 29, 2023
The U.S. National Retail Foundation (NRF) reports that its members have once again cited organized retail crime (ORC) as one of the biggest threats to their business. Genetec, a technology provider of unified security, public safety, operations, and business intelligence solutions, today shared guidance with retailers on protecting their customers, staff, and business as they head into the holiday shopping season.
According to the National Retail Federation’s (NRF) latest National Retail Security Survey, retail crime represented $112.1 billion in losses in 2022. To bring attention to this crucial issue, October 26 has been designated as ‘Fight Retail Crime Day’. In support of the NRF’s initiative, Interface Systems offers retailers best practices to fight retail crime.
Retailers of all sizes continue to have unique challenges when it comes to security and loss prevention issues. The 2022 NRF Retail Security Survey revealed that retail shrink has become an almost $100 billion problem
- By Sean Foley
- Jul 21, 2023
Pro-Vigil, a provider of remote video monitoring, management and crime deterrence solutions, today published its third annual "The State of Physical Security" research report. It revealed that amid ongoing supply chain issues and emerging economic uncertainty, businesses experienced a rise in physical security incidents in 2022.
Video analytics and AI are hot topics for 2022 as the security industry seeks new ways to take a bite out of crime, even as staffing is light organized retail crime is on the rise.
- By Will Kelso
- Apr 01, 2022
Over the last year and a half, the retail industry has undergone massive changes. Retailers of all sizes have shown extraordinary resilience and creativity by reshaping their business models and operations.
- By Sean Foley
- Dec 01, 2021
Physical security infrastructure has traditionally been seen as a sunk cost; an expense that represents a cost of doing business.
- By Tom Hesterman
- Apr 01, 2021
Last year brought tremendous challenges for everyone, especially retailers. Retail shrinkage, the reduction of inventory from shoplifting, fraud and internal theft, is estimated to have cost the industry $61.7 billion according to a 2020 National Retail Security Survey, an all-time high.
- By Fawzia A. Atcha, Ph.D.
- Apr 01, 2021
Organizers of the Consumer Electronics Show announced the 2021 event will be online-only.
Businesses should switch their efforts towards an inbound marketing/communications strategy and manage relationships with existing customers during the pandemic.
- By Julian Arcila
- May 12, 2020
Security companies are scrambling to hire guards and IT workers as businesses worry about break-ins to closed properties and cybersecurity issues associated with working remotely.
- By Haley Samsel
- Apr 17, 2020
The hack took place through Marriott Bonvoy, the company's loyalty app, and affected up to 5.2 million guests.
- By Haley Samsel
- Apr 01, 2020
In a memo to attorney’s offices across the country, William Barr said that federal law enforcement should prioritize investigating and prosecuting crimes related to the pandemic.
- By Haley Samsel
- Mar 18, 2020
The pharmacy would not say how many people had been affected by the error, but said that prescription data and customers’ names were part of the leaked information.
- By Haley Samsel
- Mar 04, 2020
Ransomware attacks hit at least over 200,000 organizations last year, and the average ransom demanded rose dramatically at the end of 2019.
- By Haley Samsel
- Feb 11, 2020
The interactive self-service kiosk has become a valuable, steadily growing commercial and informational tool since the launch of the first banking ATM in the 1980s. It is an essential part of our modern-day digital landscape.
- By Steve Spatig
- Feb 01, 2020
Insurers have made “dramatic” increases in premiums for cyber-insurance and are considering lowering the ransom amounts they will pay.
- By Haley Samsel
- Jan 24, 2020