Loss prevention is a complex and costly issue for the retail industry. In this podcast, American Alarm speaks with Robert Moraca, vice president for loss prevention at the National Retail Federation. Robert discusses tools and techniques proven to reduce retail loss, as well as this week’s NRF convention in Philadelphia, where the latest information and expertise in loss prevention will be made available to all attendees. Tweet this or subscribe for to be emailed upcoming Loss Prevention Podcast episodes.
Category Archives: Business Security Systems
As a building owner/business owner, it’s critical that you take all the necessary – and mandated – steps to protect the lives of your employees and your customers. Commercial fire alarm systems are critical to helping you protect your business from fire and smoke.
When operating properly, these commercial fire alarm systems can prevent loss of life and property by alerting the people in your building and your alarm company of a fire emergency.
However, you can’t count on fire alarms to offer the protection your business needs if they’re not inspected on a regular basis.
The best way to determine if your business fire alarm system is up to code or if it needs maintenance is to have it inspected by trained professionals on a regular basis – an extensive inspection and testing should be done annually.
If you own a business, you understand the frustration of missing product. It is disheartening to put so much time and energy into your company only to find items unaccounted for when you take inventory.
Learning from the experts is a great way to improve your company’s loss prevention strategy. We have put together a list of some of the most attended and best reviewed retail loss prevention conferences around the country.
This conference, sponsored by the Retailers Association of Massachusetts, is taking place on Thursday, September 15 from 8:00 a.m. – 5:00 p.m. in the DCU Center, 50 Foster St., Worcester, Mass.
Employee theft can take different forms. Workers can steal merchandise, money, supplies and equipment and even pad their expense accounts. Regardless of the manner of employee theft, it still hurts your business and puts you in a tough management situation.
As a business owner, you do everything you can to hire employees who are trustworthy. If you suspect that a worker is stealing from you, it’s critical that you handle the case carefully.
Here are some tips to help you deal with employee theft:
As that old saying goes, April showers bring May flowers. April also brings kids a week off from reading, writing and arithmetic.
In New England (with the exception of Connecticut and New Hampshire) spring vacation week is typically the third week in April. Without the structure of school, teens will be looking for fun things to do to occupy their time.
Unfortunately, some kids may turn to other types of not-so-fun activities. In the United States, shoplifting and arrest rates increase when students are off from school including during April school vacation.
When they don’t have regular routines, teens typically hang out at the local mall. No merchant is immune as shoplifting juveniles will steal from all kinds of stores, including big box stores, department stores, supermarkets, drug stores, and even convenience stores.
Teenagers may steal items from merchants for the thrill of it, or to impress their friends. Some of the most common items teens will steal include clothing, books, music, jewelry and anything they can fit into their pockets or purses.
When it came to loss prevention back in the day, retailers hired security guards, off-duty police officers, or other such folks to catch criminals trying to rip off their stores. The effectiveness of a retailer’s business security was mainly judged in terms of the number of arrests its security personnel made.
Times have changed, however. Now the name of the game is “loss prevention,” minimizing retail loss rather than making a lot of arrests. To that end, retailers are turning to innovative technology to help them mitigate theft and fraud.
Here are the four trends in “asset protection technology” for 2016, according to the Retail Industry Leaders Association (RILA).
It was a clear July morning and two Rutland, Massachusetts police officers were walking across Main Street in a marked crosswalk. The approaching Ford Explorer had plenty of time to stop for the pedestrians. Instead, it was almost a tragedy.
The alert police officers jumped away from the oncoming vehicle just in time, or else they would have been run down. The distracted driver was texting.
Crime doesn’t always pay. In Concord, NH, police recently arrested a group of four women who stole more than $1000 worth of merchandise at a local Walmart. This is just the tip of the iceberg—with the cost of retail crime up 27 percent over the last year, how do companies keep losses down and items on store shelves?
New England is rapidly becoming a technology haven—the Greater Boston Chamber of Commerce has plans to focus on “the technology sector and innovation economy” in 2015, according to the Boston Herald. Groups like the Advanced Cyber Security Center (ACSC) are looking for ways to help keep tech companies safe in this burgeoning investment environment; what can brick-and-mortar businesses learn from these tech-focused efforts?