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Tag Archives: loss prevention

On the Web: October

On the Web October 2022

There’s much more to discover from the October 2022 edition of Hardware Retailing. Browse the links below to uncover new innovations, trends and resources to lead your operation to success.

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3 Ways to Mitigate the Impacts of Theft and Fraud

theft fraud

From organized smash-and-grabs to employee embezzlement and fraud, retailers have been reeling from an increase in asset and product loss since the start of the pandemic. Theft and fraud have always been an unfortunate part of the retail scene, but …

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3 Retailer Resources for Loss Prevention

retailer resources

Theft, fraud and shrinkage can wreak havoc on a business, with the 2021 National Retail Security Survey reporting that the average dollar loss increased from 2019 to 2020. The average loss for shoplifting was up 71%, and dollar loss from …

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2 Ways to Prevent Internal Shrinkage

internal shrinkage

While shoplifting receives most of the attention when looking at shrinkage, internal theft and fraud also account for a large percentage. While the National Retail Federation (NRF) doesn’t track the data anymore in its annual National Retail Security Survey, in …

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Pivotal Prevention: Retailers Share Loss Prevention Best Practices 

Theft, fraud and shrinkage can wreak havoc on a business, with the Coalition of Law Enforcement and Retail estimating retail crime will top $45 billion in annual losses this year. Discover how fellow hardware and paint retailers handle theft and …

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Retailers Look for Ways to Combat Organized Theft

organized theft

Theft and loss have always been a part of the retail landscape, but in the last several weeks, some major retailers have been the victim of organized theft rings. Both the Wall Street Journal and the New York Times have …

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How to Choose the Right Data Backups for Your Business

backups

As high-profile ransomware attacks have been making headlines in recent weeks, and with the U.S. government mandating cyber incident reporting, it’s clear that taking the steps necessary to protect your business and your sensitive data is a critical part of …

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Test Your Team on Loss Prevention

stern hardware owner

Can your cashiers identify behaviors that are associated with shoplifters? Are your sales associates set up for loss prevention awareness? Use the following scenario to test your team’s skills when it comes to keeping the store, their co-workers and customers …

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