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In a press release detailing its second quarter 2018 earnings, APX Group Holdings, the parent company of Vivint, Provo, Utah, mentioned that it had dissolved its partnership with retailer Best Buy.
Genetec announced that its unified platform, Security Center, has been integrated with Secure Store, a profit protection and exception reporting solution developed by Appriss Retail. With this integration, retailers can now immediately disprove or validate suspicious transactions by accessing the security video evidence associated with suspected fraudulent activity.
CyberExtruder’s UK-based partner Allevate has reported its resellers in Brazil are seeing significant success with BRMalls, one of the largest shopping mall chains in South America, and an early adaptor of the Face-Searcher cloud service.
Jack L. Hayes International Inc., consultants in asset protection and safety, surveyed 23 large retail companies and 16,038 stores (representing a cross-section of the U.S.), with a total of $377,420,446,000 in annual retail sales in 2016.
Checkpoint Systems announced StrapLok, a high-theft alarming solution designed to attach directly to existing nylon straps on boxed merchandise, and Bug Tag 2 for the protection of six-sided packaged goods, tablets and display merchandise.
Genetec announced the new Genetec Retail Intelligence application, which will filter and analyze incoming video surveillance data to produce actionable intelligence about store operations, buying patterns, and trends.
Bunni Ickes, store manager of Upscale Resale, was so determined to stop shoplifting that she purchased fake plastic surveillance cameras in an attempt to discourage thieves.
Shrink, comprised of shoplifting, employee or supplier fraud, and administrative errors, rose in the U.S. from 1.28 percent of sales in 2013-2014 to 1.97 percent during 2014-2015, according to responses from common retail respondents who participated in Global Retail Theft Barometer surveys both years.
When it comes to the retail sector, opportunities are ripe for integrated solutions that go beyond security and increase profitability for security professionals.
The U.S. Commerce Department reported total retail sales in 2011 were $4.7 trillion, an 8 percent increase over 2010 total retail sales. The retail industry’s sheer size presents a big target for internal and external criminal activity, creating a major issue for retailers — to the tune of $119 billion in shrinkage in 2011, up 6.6 percent since 2010.
