Almost every store affected by retail crime: Survey


June 15, 2014 | By RetailME Bureau

Nearly 90% of retailers in the US were affected by organised retail crime in 2013, a survey by National Retail Federation (NRF) has revealed.

“The crime costs consumers money…. A domino effect is created. Retailers and manufacturers, when they suffer losses, (have) no choice but to increase prices, and ultimately the consumer pays the bill,” says Scott Israel, Broward County Sheriff.

Israel was speaking at a retail loss prevention conference in Fort Lauderdale, Florida.

Organised retail crime includes cartels who either steal directly from retailers or from trucks transporting merchandise.

“South Florida, unfortunately, is one of the top locations for organised retail crime. On an average, Florida loses about $100 million in tax revenue because of retail theft,” Israel says.

Steve Sell, marketing director at Florida-based Tyco Integrated Security, says surveillance cameras offered by his firm don’t just monitor theft, but also help retailers analyse shoppers’ in-store behaviour — what merchandise they are most drawn to, dwelling patterns, etc.

“Shops can analyse traffic patterns to decide when to have more or fewer employees per shift. Figuring out item placement, shopper patterns and how many employees to have on the floor ultimately helps retailers perform better and offer a better customer experience,” says Sell.

Comments

comments

Previous Article Next Article

YOU MAY ALSO LIKE /



elGrocer, the grocery delivery app with ties to some of the major 

Continue Reading

October 25, 2020 | By RetailME Bureau

Jones the Grocer set to open its doors at Dubai’s newly launched 

Continue Reading

October 18, 2020 | By RetailME Bureau

Saudi-based operators of hypermarkets and supermarkets BinDawood Holding Company has completed the 

Continue Reading

October 16, 2020 | By RetailME Bureau

The regional food and grocery delivery app Talabat has announced the expansion 

Continue Reading

October 15, 2020 | By RetailME Bureau

Walmart is hiring 10,000 new employees in Canada for positions in stores 

Continue Reading

October 14, 2020 | By RetailME Bureau

British quality grocery retailer Waitrose & Partners launched its first e-commerce platform 

Continue Reading

October 11, 2020 | By RetailME Bureau

Saudi Arabia-based operator of hypermarkets and supermarkets BinDawood Holding has priced its 

Continue Reading

October 7, 2020 | By RetailME Bureau
Miguel Angel Povedano, chief commercial officer of Majid Al Futtaim – Retail

Majid Al Futtaim announces the launch of a customer insight platform, powered 

Continue Reading

October 7, 2020 | By RetailME Bureau
New Choithrams store opens at Emerald Court, Al Barsha

A new Choithrams store opens at Emerald Court, Al Barsha in Dubai 

Continue Reading

October 5, 2020 | By RetailME Bureau
Asda has new owners

Asda has new owners, as The Issa brothers and TDR Capital are 

Continue Reading

October 5, 2020 | By RetailME Bureau
Spinneys sees “dramatic changes” in shopping patterns

UAE-based supermarket chain Spinneys sees “dramatic changes” in shopping patterns since the 

Continue Reading

October 4, 2020 | By Rupkatha Bhowmick
Food Crowd is now delivering from farm to home

A new platform in the UAE, Food Crowd is now delivering from 

Continue Reading

October 1, 2020 | By RetailME Bureau




Download Images RetailME Magazine