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Trends in Loss Prevention for Retailers
Loss prevention remains a critical concern for retailers and other businesses concerned about protecting their assets. With the advent of new technologies and changing consumer behaviors,retailers are constantly seeking innovative strategies to protect their bottom line. As we progress, several key trends are shaping the future of loss prevention. “The biggest trend I’m seeing from…
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Partnering with Managed IT Services for Help Desk Success
Businesses are continually challenged to stay ahead of competition while maintaining the type of experiences customers expect. Technology can play a pivotal role in driving efficiency, productivity, and competitiveness. However, with the rapid evolution of IT infrastructure and the increasing complexity of software and hardware systems, managing a company’s IT help desk efficiently can be…
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Maximizing ROI: Justifying Loss Prevention Expenses in Business Environments
Today more than ever, protecting assets and mitigating losses are big concerns for many companies. From convenience stores and logistic companies to retailers, the cost of loss prevention initiatives can sometimes seem burdensome. However, the National Retail Federation (NRF) reported that the average shrinkage rate for U.S. retailers in 2020 was 1.62% of sales. So,…
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Boosting Loss Prevention with Keyless Smart Locks
There is no greater responsibility for a business than ensuring the safety of employees and customers while at the same time safeguarding valuable products and inventory. Over the past few years, greater threats have risen that have forced businesses to take another look at their loss prevention and security measures. The impact of coordinated crime…
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RFID & LiDAR Technologies Enhance Retail Theft Prevention
The fight against theft remains a constant challenge for retailers. According to the National Retail Federation, the amount of inventory lost to theft increased from 1.4% in 2021 to 1.6% in 2022. In an industry already challenged by tight margins, that amount of lost inventory is substantial. However, advancements in technology have paved the way…
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Eyes in the Aisles: How Cameras and AI are Revolutionizing Retail Security
In the ever-evolving world of retail, the battle against theft has taken a technological turn. While retail theft has become more sophisticated with the advent of organized retail crime (ORC) and coordinated crime, technology used to combat theft has also become more advanced.
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