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.
J Lindeberg was started by Johan Lindeberg in 1990s with the aimSeptember 2, 2022 | By RetailME Bureau
Majid Al Futtaim has made significant strides toward environmental, social, and corporateJuly 5, 2022 | By RetailME Bureau
Abu Dhabi based grocery retail chain Lulu Group has partnered with Amazon
UAE-government-led initiative Food Tech Valley – announced in 2021 by His Highness
Abu Dhabi-based supermarket chain Lulu Hypermarket is all set to open in
Plant-based meat brand Beyond Meat’s financial results for the third quarter of
UAE’s fresh produce brand Barakat has launched bio-degradable packaging across its entire
UAE-based agritech start-up Pure Harvest Smart Farms has signed a Memorandum of
Carrefour, owned and operated by Majid Al Futtaim – Retail in the
Grandiose Supermarket, part of Ghassan Aboud Group, has announced expansion plan in
The Valrhona journey began 100 years ago with a cocoa bean. Since
Deliveroo UAE has announced the expansion of its rapid grocery delivery service
The Ministry of Climate Change and Environment (MOCCAE) revealed that the UAE
The Dubai Festivals and Retail Establishment (DFRE) has unveiled an exciting line-up
Sunset Hospitality Group (SHG) has announced a partnership with award-winning Italian restaurant
UAE-based retail group Brands For Less Group (BFL) launched its first shopping
The UAE e-commerce market is expected to reach $9.2 billion in 2026,
As part of its expansion plan home-grown brand PINZA! opens two dine-in
Alison Rehill-Erguven the new CEO of Arabian Centres Company (ACC), owner, developer
Online luxury and fashion business NET-A-PORTER announced the winners of its inaugural
Healthcare provider under Aster DM Healthcare Group Medcare forays into beauty &
Luxury retailer Chalhoub Group’s homegrown brand Level Shoes turns 10 continuing to
UAE-based Arabic eatery Operation: Falafel, which is part of AWJ Investments, has
Global sportwear retailer NIKE, Inc. recently reported its fiscal 2023 financial results
One of the leading grocery retail operators of hypermarkets and supermarkets in