TORONTO—Canadian retailers are losing about $4 billion a year to shrink, an average estimated loss of $10.8 million per shopping day, according to PWC's 2012 Canadian Retail Security Survey, completed in conjunction with the Retail Council of Canada.
YARMOUTH, Maine—The next two months present the biggest challenge to retail loss prevention specialists, not just because of the increased number of shoppers and volume of sales, but because of the number of temporary employees on the floor.
GAINESVILLE, Fla.—U.S. retail inventory shrinkage fell last year to 1.42 percent, the lowest recorded level in 20 years, but 2011’s $35.28 billion in lost profits is at a record high because of moderate growth in U.S.
SAN FRANCISCO—Prism Skylabs, a startup company that "leverages data from existing video surveillance cameras to unlock information on customer patterns, trends and behaviors," on Oct. 16 announced it had raised another $7.5 million in funding.
ALBUQUERQUE, N.M.—The Albuquerque Police Department has been honored with two top security awards for its 6-year-old Albuquerque Retail Assets Protection Association, a private-public program to fight organized retail crime.
ALEXANDRIA, Va.—The U.S. Senate this week passed a bill aimed at battling organized retail crime and bolstering consumer safety at drug stores, a move welcomed by the National Association of Chain Drug Stores.
SPRINGDALE, Ark.—Harps Food Stores’ recent investment in scan-avoidance technology has pointed out front-end problems that need to be addressed along with some specific cashier thefts, John Rinks, a district manager, who also is in charge of loss prevention for the 68-sto
PHILADELPHIA—When the Pennsylvania Convention Center Authority decided it needed to expand the 624,000-square-foot Center City venue, it also decided the $700 million expansion plan should include the latest in security systems installed by a design-build contractor.