8 High-Risk Loss Prevention Scenarios Every Retailer Should Monitor

With retail loss being on the rise globally – Australian estimates are sitting at 4.5 billion annually, and growing – the problem is snowballing out of control. The issue is much bigger than shoplifting, with internal issues like employee fraud, training gaps and operational inefficiencies estimated to cost retailers up to 7% of their annual […]

How technology can reverse the retail shrinkage trend

Retail shrinkage – that is, loss due to theft, employee fraud, or admin errors – is on the rise, not only in Australia but globally. According to Global Retail Theft Barometer’s figures, shoplifting or theft accounts for 38% of loss, with 16% due to admin error and a startling 39% from employee fraud. According to […]