The level of global retail theft reached $114.8 billion in 2009, representing a significant increase of 5.9 percent over last year’s total of $104.5 billion, according to the third annual edition of the Global Retail Theft Barometer.
Nine out of 10 shop owners have experienced fewer thefts and robberies, and increased security for staff since installing video surveillance. This is shown in a survey by the Swedish Retail Institute that has been conducted on behalf of the Swedish Trade Federation in cooperation with Axis Communications.
Move over Cary Grant -- Visonic is now the modern day star of “To Catch a Thief.” Visonic’s PowerMax+ system, coupled with its MCT211 pendant, saved a life recently in Florida.
For years, retail has been the largest vertical market for video surveillance. In fact, a regional fuel service and convenience store chain with more than 1,200 locations will spend $1 million in the fi rst year of a three-year project. A pharmacy chain’s initial order for 80 locations was 1,300 cameras, more than 16 cameras per location. And a major international retailer will spend $15 million for its two-year asset protection and safety program contract extension. There are many reasons why retailers employ video surveillance. Theft is, of course, a prime motivation. American retailers lose billions of dollars per year due to theft from shoppers and employees.
- By Mike Capulli
- Nov 02, 2009
Matas has 2,000 employees and 27 million transactions for revenues of more than 3 billion Danish crowns per year. Thefts and errors or misunderstandings at checkout can lead to uncomfortable situations for this retail chain’s personnel and customers -- not to mention meaningful losses for Matas.
Shoplifters and dishonest employees stole more than $6.0 billion in 2008 from just 22 major retailers, according to the 21st Annual Retail Theft Survey conducted by Jack L. Hayes International, the leading loss prevention and inventory shrinkage control consulting firm.
ADT is helping retailers in these tough economic times improve sales conversion rates with the latest technology that can help them analyze customer shopping patterns.
DigitalPersona Inc., provider of fingerprint identity and authentication solutions, recently announced that the largest Wendy's restaurant franchisee, Tar Heel Capital, has chosen DigitalPersona U.are.U Fingerprint Readers to combat theft.
BridgeWave Communications, a supplier of gigabit wireless solutions, today announced that its FE60U gigabit upgradeable wireless products power the backbone of the wireless video surveillance network for the City of Highland Village in Texas.
A delicate balance exists in the retail world as businesses try to ensure easy and seamless customer experiences while maintaining high security. This ranges from finalizing a transaction, down to information security controls and processes designed for data integrity.
- By Mike Lloyd
- Jun 22, 2009
Retail theft, including shoplifting, employee theft, administrative error and vendor fraud, is up, according to a recent annual survey conducted by the University of Florida with a funding grant from ADT Security Services.
3VR Security Inc. recently announced that Sammy’s Woodfired Pizza, a restaurant group with locations throughout Southern California and Las Vegas, has chosen 3VR’s searchable surveillance solution to bolster its retail security, guest and employee safety, customer service and loss prevention capabilities. The 3VR SmartRecorder surveillance platform includes features specifically designed for the needs of retailers, including new solutions aiding in loss prevention and addressing organized retail theft.
A survey conducted of America's largest retailers reports an increase in retail crime associated with an economy in distress, said the Retail Industry Leaders Association (RILA).
Managing remote locations of a retail business can be a challenge, and Panasonic System Solutions Company provides a dynamic solution with its Virtual Site Manager (VSM), a powerful multi-faceted business tool offering end-to-end, seamless integration of video surveillance and point-of-sale (POS) systems that enable comprehensive management and control capabilities.
The Retail Industry Leaders Association (RILA) welcomes Checkpoint Systems Inc., the leading supplier of retail shrink management solutions, as its title sponsor of the 2009 RILA Loss Prevention, Auditing and Safety (LPAS) Conference.
The Jewelers' Security Alliance recently released its 2008 Annual Crime Report covering crime against the jewelry industry in the U.S. The total number of crimes against the industry increased 16.6 percent, with total dollar losses of $103.5 million.
IQinVision recently announced that upwards to 20 downtown Rotterdam shops, in the Netherlands, have deployed IQeye megapixel cameras to combat store robberies.
Identity theft and credit card fraud are the fastest growing crimes in the United States. The Federal Trade Commission reports that one in six Americans will be a victim of identity theft this year and that identity theft has been the No. 1 consumer complaint for the last four years.
- By Harry Hartnup
- Mar 02, 2009
Remote video monitoring company Westec Intelligent Surveillance announced this week an additional $20 million in equity funding.
- By Brent Dirks
- Feb 26, 2009
GVI Security Solutions Inc., a provider of video security surveillance solutions featuring the complete Samsung Electronics line of products, has been awarded a two-year contract extension starting, to provide video surveillance equipment to a major U.S.-based international retailer for its United States asset protection and safety program.