Retailers Brace For Increased Shoplifting This Holiday Season

With the busiest retail shopping day of the year just less than a week away, retailers and shoppers are hoping for an enjoyable holiday season. But the nation’s weakened economy has many law enforcement officials forecasting increased shoplifting and theft -- crimes that could lead to lower profits for retailers and higher prices and limited selection for consumers.

Adding to the problem are fewer security and sales associates on the lookout for suspicious shoppers. Because of this, retailers are expected to rely heavily on sophisticated anti-theft technology, such as tags and smart cameras, to help catch and deter shoplifters.

According to a recent National Retail Security Survey conducted by the University of Florida, with a funding grant from ADT Security Services, retailers lost almost $12 billion to the 27 million shoplifters who stole merchandise from them in 2007. This loss was down from 2006 as retailers strengthened their use of anti-shoplifting technology and training, but the anticipated swell of shoplifting this holiday season will require an even greater use of electronic loss prevention tools.

“Many retailers are bracing for more shoplifting this season and will be counting on technology to help control theft, particularly as many stores have had to cut back on staff due to the slowing economy,” said Ed Wolfe, a veteran loss prevention executive formerly with Neiman Marcus and The Home Depot.

There will be a new and different type of shoplifter this holiday season, predicts Richard Mangan, a criminology professor at Florida Atlantic University and former DEA special agent.

“Clearly, shoplifting is going to be a bigger problem than in years past. Times of financial stress could drive individuals who normally would not consider shoplifting, to reconsider attempting this crime,” Mangan said.

Helping catch the crooks will be advances in anti-theft technology. Anti-theft solutions include tags which are placed inside clothing, makeup and even food packaging, along with intelligent cameras that can be programmed to recognize missing items, movement in a restricted area and other events. Digital recording is another effective tool giving retailers more flexibility in monitoring live and recorded video events from remote monitoring sites.

Lee Pernice, an ADT retail expert, said shoplifting affects every consumer.

“Shoplifting results in higher prices for everyone and can impact the amount and variety of goods retailers have available,” she said.

Shoplifting can also be a concern to parents. The National Association for Shoplifting Prevention (NASP) is a non-profit organization which specializes in working with parents to help discuss the impact of shoplifting with their children.

“Consumers play a major role in shoplifting awareness and prevention and this includes talking to their children about how shoplifting negatively affects not only stores, but family and friends as well,” said Caroline Kochman, NASP’s executive director.

Featured

  • Video Surveillance Trends to Watch

    With more organizations adding newer capabilities to their surveillance systems, it’s always important to remember the “basics” of system configuration and deployment, as well as the topline benefits of continually emerging technologies like AI and the cloud. Read Now

  • New Report Reveals Top Trends Transforming Access Controller Technology

    Mercury Security, a provider in access control hardware and open platform solutions, has published its Trends in Access Controllers Report, based on a survey of over 450 security professionals across North America and Europe. The findings highlight the controller’s vital role in a physical access control system (PACS), where the device not only enforces access policies but also connects with readers to verify user credentials—ranging from ID badges to biometrics and mobile identities. With 72% of respondents identifying the controller as a critical or important factor in PACS design, the report underscores how the choice of controller platform has become a strategic decision for today’s security leaders. Read Now

  • Overwhelming Majority of CISOs Anticipate Surge in Cyber Attacks Over the Next Three Years

    An overwhelming 98% of chief information security officers (CISOs) expect a surge in cyber attacks over the next three years as organizations face an increasingly complex and artificial intelligence (AI)-driven digital threat landscape. This is according to new research conducted among 300 CISOs, chief information officers (CIOs), and senior IT professionals by CSC1, the leading provider of enterprise-class domain and domain name system (DNS) security. Read Now

  • ASIS International Introduces New ANSI-Approved Investigations Standard

    • Guard Services
  • Cloud Security Alliance Brings AI-Assisted Auditing to Cloud Computing

    The Cloud Security Alliance (CSA), the world’s leading organization dedicated to defining standards, certifications, and best practices to help ensure a secure cloud computing environment, today introduced an innovative addition to its suite of Security, Trust, Assurance and Risk (STAR) Registry assessments with the launch of Valid-AI-ted, an AI-powered, automated validation system. The new tool provides an automated quality check of assurance information of STAR Level 1 self-assessments using state-of-the-art LLM technology. Read Now

New Products

  • EasyGate SPT and SPD

    EasyGate SPT SPD

    Security solutions do not have to be ordinary, let alone unattractive. Having renewed their best-selling speed gates, Cominfo has once again demonstrated their Art of Security philosophy in practice — and confirmed their position as an industry-leading manufacturers of premium speed gates and turnstiles.

  • ResponderLink

    ResponderLink

    Shooter Detection Systems (SDS), an Alarm.com company and a global leader in gunshot detection solutions, has introduced ResponderLink, a groundbreaking new 911 notification service for gunshot events. ResponderLink completes the circle from detection to 911 notification to first responder awareness, giving law enforcement enhanced situational intelligence they urgently need to save lives. Integrating SDS’s proven gunshot detection system with Noonlight’s SendPolice platform, ResponderLink is the first solution to automatically deliver real-time gunshot detection data to 911 call centers and first responders. When shots are detected, the 911 dispatching center, also known as the Public Safety Answering Point or PSAP, is contacted based on the gunfire location, enabling faster initiation of life-saving emergency protocols.

  • 4K Video Decoder

    3xLOGIC’s VH-DECODER-4K is perfect for use in organizations of all sizes in diverse vertical sectors such as retail, leisure and hospitality, education and commercial premises.