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loss prevention

Bad news for retailers: Shrink is back up


DALLAS—Shrink is on the rise, reported Professor Richard Hollinger from the University of Florida, who shared preliminary findings of the annual National Retail Security Survey with retailers attending the National Retail Federation’s Loss Prevention Conference & Expo in Dallas on June 14.

Cargo theft on the rise: 'Freight at rest is freight at risk'


DALLAS—Retailers should be taking a proactive approach to monitoring their supply chain. After all, the FBI estimates it’s a $30 billion problem, but it could be much bigger.

Police chief pushes partnerships: ‘Fighting crime is a team sport’


DALLAS—No one can go it alone when it comes to fighting crime and theft, emphasized the police chief of Albuquerque, N.M.

Business intelligence: PacSun's journey into predictive analytics


DALLAS—The opening session on the second day of the National Retail Federation Loss Prevention Conference here didn’t bring good news for retailers. Shrink is on the rise, said Professor Richard Hollinger from the University of Florida, who released preliminary findings from the annual National Retail Security Survey

Cabela's LP exec: 'Today's business requires a true business partner'


SIDNEY, Neb.—Loss prevention professionals must continue to prepare themselves for the continued shift in responsibilities and expectations from retailers. “We’re going from being reactionary, where back in the day we were called ‘security’ and waited to be called in to investigate,” said Bill Napier, senior manager of corporate asset protection for Cabela’s. “Today’s business requires a true business partner.”

Family Dollar enters $39m video monitoring contract


CHARLOTTE, N.C.—Family Dollar stores around the nation will soon be protected by third-party monitored video, a move that is intended to reduce shrink and replace guard services for the retailer. At the end of April, Iverify announced it won a five-year contract valued at $39 million to provide video monitoring services to 529 Family Dollar stores, nationwide.

Accountability is key to preventing loss for major QSR owner


ANAHEIM, Calif.—One of the biggest challenges for loss prevention professionals in the quick serve restaurant industry is identifying internal theft. Combating theft is nothing new to Kirk Luke, director of loss prevention for CKE Restaurants, which owns more than 400 Carl Jr.’s and 450 Hardee’s restaurants around the nation.

What's a fairy tale worth? The financial reality of securing the royal wedding

Wednesday, April 27, 2011

I'm sure you haven't missed the news that Prince William will be marrying Kate Middleton (soon to be Catherine Windsor) on April 29 at Westminster Abbey. It has become a national holiday for the Brits, and I know several folks here in the States who plan to play hooky so they too can watch the royal ceremony. My mother, for one, just can't get enough of the royal couple and plans to get up bright and early to watch the live coverage. Personally, I don't particularly care for weddings, plus I can barely get out of bed to come to work, so I don't plan to lose precious hours of sleep, not even for Prince William.

However, what I do think is interesting (and I hope many of you agree) is the $33 million being spent to secure this wedding. Planning the security logistics has been in the works since the couple announced their engagement in November, according to this article in Time. And it's getting more intense as the event nears:

Police began digitally mapping key locations from the air to identify weak spots, like rooftops, and intelligence units started tuning into phone conversations and monitored the Internet for chatter of potential wedding terror. At an April 19 security briefing, the Met's assistant commissioner Lynne Owens revealed that a team of 35 specially trained dogs — that can sniff bomb materials from 330 ft. (100 m) — had already scoured the wedding route. And police have opened up traffic lights, lampposts and water drains along the route, searching for explosives — and will recheck them in the coming days. Owens also confirmed that 5,000 police officers will be on duty on April 29, and that authorities have banned 60 convicted criminals from the area surrounding Westminster Abbey as part of their bail terms.

Also, police will be increasing visibility by turning to technology:
To boost the surveillance offered by the city's thousands of CCTV cameras, three patrol helicopters with high-definition video cameras will circle above the city.

I just read this article today in guests attending the royal wedding will be required to pass through security checks. That seems like common sense security, right?

"We are still engaged in a significant covert and overt police operation," said Lynne Owens, assistant commissioner of the London police, as the agency continued its sweep of locations around the city where a bomb could be hidden ahead of the big day. But while preventing a major incident is the priority, cameras on the ground and in police helicopters flying overhead will be watching the crowd to detect any suspicious behavior as the wedding gets underway.

There are expected to be one million spectators lining the route between Westminster Abbey and Buckingham Palace. This is the route the royal couple will travel after the wedding for the reception later in the day on Friday.

According to the article, the police are appealing to the public to help them identify suspicious people: "We really need you to be our eyes and our ears," Owens told reporters. "If you see anybody in the crowd that is acting suspiciously please bring it to the earliest attention of our officers."

They may just be commoners out there in the crowd, but they can play a part in making this wedding the grandest fairy tale of all. Gag me.

The cause of shrink may not always be what you think


CAMDEN, N.J—When Karen VanBrunt started her career in loss prevention as a store detective, the professional landscape was vastly different. First of all, the technology available during the early part of her career was obviously less sophisticated than the tools that are available to retailers today.

Getting smart about intelligent surveillance in retail


DELRAY BEACH, Fla.—Aisling MacRunnels, CMO of intelligent analytics and search solution provider 3VR, on Feb. 14 paired with Joe Davis, director, field retail loss prevention for T-Mobile, at the TechSec Solutions conference here, to explain how intelligent surveillance technologies can help reduce retail theft and improve customer service and sales.