Addressing the Rise in Retail Crime: Strategies, Innovations, and the Role of Technology
The RetailWire Podcast11/10/23 • 33 min
How far would you go to secure your retail store and protect your associates? If you're one of the countless retailers grappling with the growing problem of theft and violence, this episode is a must-listen. We're joined by industry experts Mark Self, Gus Downing, Ted McCaffrey and Pedro Ramos to examine the alarming trend of organized retail crime and its devastating impact on businesses and communities.
We not only shine a light on the harsh realities of retail shrinkage but also the influence of technology and social media on employee retention and customer experience. You'll discover a variety of strategies retailers are using to secure their stores and the tough reality of needing to add extra time to customers' shopping experiences for the sake of security. Moreover, we tackle the implications of using more militarized language to address theft and discuss the broken window theory, underlining the urgency for proactive measures.
We delve into the importance of understanding inventory loss as a means to measure results and touch upon the advantages of RFID technology. As our conversation progresses, we explore how different retailers approach inventory counts and stress the need for creating standards to understand what's leaving the stores, helping to differentiate between counterfeit and legit items. Tune in for an insightful and compelling conversation that you won't want to miss.
RetailWire is the retail industry's premier source for news, analysis, and discussion. With a focus on the latest trends, technology, and consumer behavior, RetailWire provides a platform for industry experts and thought leaders to share their insights and perspectives. Whether you're a retailer, supplier, or service provider, RetailWire is your go-to destination for staying informed and ahead of the curve.
Be sure to leave us a comment and let us know what you think. You might even hear your comment read on the next episode!
To learn more, or to join our Daily Discussions, visit RetailWire.com.
11/10/23 • 33 min
The RetailWire Podcast - Addressing the Rise in Retail Crime: Strategies, Innovations, and the Role of Technology
Transcript
The question burning on everyone's mind is is retail shrink as catastrophic as it's painted in the media ?
Speaker 1Mark Self , what do you think ?
Speaker 2I think it's worse than how it's being painted in the media . I mean , for me there's more than a few proof points . When you have a CNN reporter lite
Featured in these lists
Generate a badge
Get a badge for your website that links back to this episode
<a href="https://goodpods.com/podcasts/the-retailwire-podcast-260129/addressing-the-rise-in-retail-crime-strategies-innovations-and-the-rol-36488296"> <img src="https://storage.googleapis.com/goodpods-images-bucket/badges/generic-badge-1.svg" alt="listen to addressing the rise in retail crime: strategies, innovations, and the role of technology on goodpods" style="width: 225px" /> </a>
Copy