Loss Prevention White Papers

1. SMARTtill Solves Disappearing Cash Problem at Gainfort Stores 10/4/2021

   Gainfort Ltd. operates two convenience stores in Huntingdon, U.K., about 70 miles north of London. At the end of employee shifts, owner Sunil Lahal noticed a disturbing trend during cash counts: The totals were off.

2. Retail Cash Loss: Addressing The Problem With Intelligent Technology 9/6/2019

   Any business that accepts cash for transactions has come to expect that some percentage of it will vanish as a result of fraud, administrative errors and employee misdeeds. Inventory shrink, which includes cash loss, costs retailers an estimated $47 billion annually. It is so prevalent that retailers have a line item for it in their P&L statement.

3. The Future Of Cashier-Less Checkout 9/21/2018

   Speed or customer service? Most shoppers face that choice when visiting a typical grocery store and head to checkout. Do they opt for the self-check lane instead of waiting in the full-service checkout line? What do consumers give up or gain with each choice? What do retailers gain or lose?

4. Is Retail Out Of The Woods? 3/8/2018

   In 2017, the U.S. retail industry experienced unprecedented turbulence and many in the industry see more challenges to come in 2018. The impact of Amazon and other online retailers has disrupted how retailers do business and reach consumers. Store closings have reached record levels. Numerous large, well-known retail companies have filed for bankruptcy, restructured, and in many cases closed down their businesses. The continuing evolution of shoppers creates new demands on retailers that impact all aspects of the business, from stores to backstage operations to information technology and supply chain capabilities — including home delivery. The disruption continues to drive concern with investors, creditors, industry analysts, and — most of all — companies themselves.

5. GDPR And Retail: How To Secure And Manage Data, Implement Infrastructure, And More 2/23/2018

   The number of cyber-security breaches in the past few years has made much of the global population far more aware of the problems of data protection security and often the lack of its complete effectiveness. TAs a result, the European Commission announced an agreement to finalize General Data Protection Regulation (GDPR) which will take affect this May. The primary objective of the GDPR is to give citizens back control of their personal data.  Once GDPR takes effect it will harmonize previous and other data protection regulations throughout the EU. The Retail Solutions network spoke with Dr. Alfred Rolington, GDPR Advisory Board senior cyber security academic and Piers Clayden, legal expert on the GDPR Advisory Board and founder of Clayden Law, about this regulation and what impact it will have on retail.

6. The Perfect Storm Of Data Exploitation 1/26/2018

   It is practically indisputable that we are in the midst of a perfect storm for customer data to be stolen, sold, and exploited as evidenced by the outrageous number of breaches, a low amount of concern about data security among millennials, and widespread security blunders in many companies. In the short run, there does not seem to be any improvement on the horizon. I remain, however, optimistic, fueled by some patches of blue sky trying to show through, promising a brighter future. You can call me a dreamer, but I am optimistic breaches will slow significantly in the future. However, there is some bad news: Breaches will continue to increase for the next few years until three improvement areas are addressed.

7. How To Get More From Your Remote Monitoring System 12/20/2017

   Effective utilization of remote monitoring can improve your company’s employee productivity and compliance, reduce your losses, and maximize your investment in camera systems.

8. 6 Tips To Prevent Cybercrime 12/15/2017

   Much like with individuals, there are steps companies can take to prevent becoming prey to a criminal’s scams. Stores, online businesses, and merchants can stay privy to the crimes by remaining aware during this risky time of year.

9. Why Isn’t Retail High-Tech? 11/17/2017

   Ask most retail store employees today what’s the most high-tech equipment they use in their jobs on a regular basis and they’ll probably tell you it’s their handheld barcode scanner; technology widely adopted and reliably deployed since 1982 — the same year the Commodore 64 was released. This is not an industry that quickly embraces new gadgets. By Justin Patton, Director of the Auburn University RFID Lab

10. Bringing IT Together: Major Theme of Upcoming Forum 6/30/2017

    Hedgie Bartol, retail business development manager at Axis Communications, talked to LossPreventionInsights about the company’s upcoming Axis Retail Leadership Forum. Bartol explains that interdepartmental collaboration will be a major theme at this year’s event. Read on to learn more.