Loss Prevention Articlescarloseditor2022-12-05T21:02:56-05:00
Loss Prevention Articles
Changing Retail, Changing Loss Prevention
Changing Retail, Changing Loss Prevention
Changing Retail, Changing Loss Prevention
Changing Retail, Changing Loss Prevention
This report, Changing Retail, Changing Loss Prevention, analyses the evolution of retail crime and loss prevention in the light of the Global Retail Theft Barometer (GRTB) publications since 2001.atories, Inc.
Shoppers are buying more at J.C. Penney Co. They’re also stealing more. The retailer said Wednesday that theft spiked in the third quarter after it removed sensor security tags from merchandise while it shifted to a new inventory-tracking system that uses radio tags.
Retail theft, or “shrink”- a loss of inventory due to factors such as shoplifting, employee or supplier fraud and organized retail crime – cost retailers over $112 billion worldwide last year, according to the 2012 2013 Global Retail Theft Barometer.
Every so often, a simple idea catches the imagination, fervor, and engagement of a group of people and is developed into a successful practice that revolutionizes a business. Electronic article surveillance (EAS) source tagging is definitely one of those.
EAS Source Tagging 20-Plus Years of Innovation Part 2
EAS Source Tagging 20-Plus Years of Innovation Part 2
EAS Source Tagging 20-Plus Years of Innovation Part 2
EAS Source Tagging 20-Plus Years of Innovation Part 2
In Part 1 of this two-part article in the January-February edition, we looked back at the beginning of this story in 1994 when The Home Depot executed the first contracts for EAS labels affixed directly by manufacturers in their packaging, rather than by in-store labor.
The year 2019 represents the thirty-fifth birthday of the first “ink tag.” I have had the good fortune to have been immersed in retail and the EAS industry for over four decades.