Loss Prevention

FaceFirst Retail Recidivism Report 2018
September 17, 2018 at 4:05 pm

An analysis of biometric data from FaceFirst, a facial recognition provider, revealed that repeat shoplifters are more organized and aggressive than previously known, striking the same retailer multiple times across several locations.

Addressing Loss Prevention Across the Retail Ecosystem
June 21, 2018 at 9:51 am

Every year, billions of dollars and countless hours are spent by retailers, brand owners, and packaging professionals ensuring that customers have a positive experience with their brand. What happens to the customer experience when they can’t find the product they want due to theft? Nothing good. Theft is far more than a retailer issue —…

Wal-Mart Sued Over Policy of Locking Up Specific Beauty Products
February 1, 2018 at 12:44 pm

A woman in California has filed a lawsuit against Wal-Mart over claims the company keeps products primarily used by African-Americans inside a locked glass case. Essie Grundy told reporters in Los Angeles on Friday that she felt humiliated and discriminated against when on three occasions this month she had to ask a store employee at…

Improving Resources to Combat Retail Cyberattacks
August 9, 2017 at 2:08 pm

Just as with great power comes great responsibility, with major advances in technology come ever-changing, ever more inventive ways of upending it. Hacking and other cyberattacks are at least as much of a cybersecurity threat to retail as to other industries, in that they touch millions of consumers and the well-being of their identities and…

4 Reasons You Could Be Denied for a Merchant Account
July 11, 2017 at 9:17 am

Many retailers struggle getting approved for merchant accounts to process credit card transactions. It's important to be prepared and knowledgeable about the merchant account industry so that you have a high chance of success. Here are some reasons that you could be denied for a merchant account or dropped by a merchant account processor: 1.…

Report: Brands Consortium to Bid for BCBG
June 5, 2017 at 12:21 pm

Brand licensor Marquee Brands LLC is leading a consortium that's preparing a bid for BCBG Max Azria Group LLC, which would allow the U.S. fashion house to exit bankruptcy with 15 to 20 stores, according to a report published in Business of Fashion today. BCBG, which is owned by investment firm Guggenheim Partners, filed for bankruptcy…