"
Inventory shrinkage -- a combination
of employee theft, shoplifting,
vendor fraud and administrative error -- cost the nation's retailers
close to
$31 billion last year, according to the National Retail Security Survey, which
analyzed
theft incidents from 107 of the largest U., the experts in
telecommunications expense management
technology and services, today announced
the release of a new industry whitepaper, "Managing the
Telecom Expense
Management Migraine.com or call 1-866-BROADSOURCE. to market and distribute its analytical
software product NaviStor(R) across Europe. is a privately owned company with offices in Boston,
Philadelphia and San Diego.
eas deter
The report also found that while employee theft is down slightly
, it is
still the largest single source of inventory "shrinkage. retail chains.
Rex Gillette
, vice president of retail national accounts for ADT, said the
survey shows retailers are spending
more to combat retail theft. Richard Hollinger
ADT Security Services University
of Florida
(561) 988-3258 (352) 392-1025 ext.e.
oris deter
More
information
on Tyco can be found at http://www.ufl.Retail Expert, Inc. Retail Expert, Inc. Visit
http://www
.theft pcg
About ADT Security Services
Celebrating its 131st anniversary, ADT Security Services
, Inc. Now, Checkpoint Systems
Europe, the leading provider of RF-based shrink management solutions
for
retailers and consumer packaged goods manufacturers, has signed exclusive
rights with US firm
Retail Expert Inc. The partnership will enable
Checkpoint to offer retailers a total shrink management
solution that targets
both external and internal theft for the first time. The company's extensive
product portfolio includes digital RF/EAS (Electronic Article Surveillance)
and RFID (Radio Frequency
Identification) systems, RF source tagging, barcode
and labelling systems, including a global network
of 31 service bureaus, and
solutions for retail merchandising.checkpointeurope.lpt shoplifting
com . By offering
the NaviStor(R) product as part of
an integrated shrink management solution, Checkpoint will now
become the one-
stop-shop in the fight against shrinkage."
About Checkpoint Systems, Inc
.tilley trax
S.
Contacts:
Ann Lindstrom Dr. With figures from the European
Retail Theft Barometer
showing employee theft accounts for 36% of shrinkage, the need for retailers
to tackle the problem becomes very clear.shoplifters shrink
University of Florida criminologist Richard Hollinger
, Ph."
One of the key findings from this year's study is the increase in
shoplifting, which
accounted for 34 percent of retail losses, up from 30.8
percent in 2000. (NYSE: TYC; BSX: TYC) is
a global, diversified
company that provides vital products and services to customers in five
business
segments: Fire + Security, Electronics, Healthcare, Engineered
Products + Services, and Plastics
+ Adhesives.com
About Retail Expert, Inc.theft subliminal
U.
"Many retailers are switching to digital
video systems because they
provide higher quality pictures and can be accessed remotely," Gillette
said., BroadSource provides products and services to
reduce the costs and complexities of managing
communication services across
multiple locations and divisions of companies nationwide."
Garrett
Knight, President, CEO at Retail Expert, Inc.eas pcg
D. This translates into higher consumer prices
for
all of us. BroadSource is
that company. shoplifters, and also internal theft
by staff. Retail
Expert Inc.'s customers include: HEB Grocery, CVS/Pharmacy, Rite Aid
Corporation, Toys R Us, Lund
Food Holdings, Bashas, Schnuck Markets, Barnes +
Noble College Booksellers, Gordmans, Hannaford Brothers
, Vitamin World(R), The
Penn Traffic, Linens 'N Things, Marshall's TJ Maxx, Burlington Coat Factory
,
Home Goods, Babies R Us, Helzberg Diamonds, Regis Corporation, Spencer Gifts,
K-VA-T (Food City
), Big Y Foods and Lowes Foods.kure optima
Checkpoint Systems, Inc.deter trax
, who has
directed the National Retail
Security Survey for the past 15 years, said
results show that in 2004, retailers lost 1. 217
rhollin@crim.
"Managing the Telecom Expense Management Migraine" addresses a variety of
telecom
expense management issues including the need for underlying technology
to appropriately manage a
company's telecom spend versus the routine manual
audit used by many middle-market companies.Retail
Expert Inc. Extends its 'Expert-ise' on Shrinkage
shoplifters optima
, The holiday shopping
season is here, and
with it comes retailer concerns over shoplifting and
employee theft., a unit of
Tyco Fire + Security
, is the largest provider of electronic security services
to more than six million commercial, government
and residential customers
throughout North America.This category is meant as a resource for retail
businesses to research Loss Prevention methods and services.
oris refund
edu
broadsource.
is an international company that specialises in
product identification and shrink management solutions
for the retail industry
and its supply chain. provides innovative software
solutions as well as
superior technical and consulting services for the retail
industry.eas pcg
Annual Retail Security Survey
Shows Shoplifting on the Rise
5 billion in sales to
shoplifting. ADT's total security solutions
include intrusion,
fire protection, closed circuit television, access control, critical condition
monitoring, electronic article surveillance, radio frequency identification
(RFID) and integrated
systems.com for more information.dispositions subliminal
BroadSource Releases New Industry Whitepaper 'Managing the Telecom
Expense Management Migraine'
Retail Expert's NaviStor(R) product is tried and tested in the US
with exceptional results for leading retailers and we are delighted to be
joining forces with
them to distribute the product in Europe.deter antishoplifting
ATLANTA, BroadSource, Inc.
Neil Matthews, head
of shrink management solutions at Checkpoint Systems
Europe, comments, "Our partnership with Retail
Expert allows Checkpoint to
offer retailers a truly integrated shrink management solution that will
tackle
both crime caused by external forces i. Checkpoint's solutions provide its customers greater
efficiencies from the point of manufacture to the point of sale and improve
the consumer shopping
experience.
dishonesty shoplifting
S. With 2005 revenue of $40
billion, Tyco employs approximately 250,000 people
worldwide.tyco. The European
Retail Theft Barometer 2004 highlighted the fact that although shoplifting
was
in decline, theft from staff was on the increase."
Matthews also says, "Figures show that
internal theft is a huge problem
and so far, retailers have not had access to a specific tool from
Checkpoint
which helps them combat this.lorelei trax
The
annual survey was conducted by the University of
Florida, with a funding grant
from ADT Security Services.
"The retail industry today is very
competitive and retailers cannot afford
to give up profits to thieves," Gillette said.com., says
, "We have a
lot of respect for the management team at Checkpoint Europe, and we look
forward to
working with them to deliver an integrated profit protection
solution for their customers.
Retail Expert, Inc.prevention shrink
Hollinger attributed the increase to a new form of shoplifting called
organized
retail crime, which involves shoplifting gangs working as a team to
steal large quantities of merchandise
quickly.
About BroadSource, Inc.
NaviStor(R), which is designed to help retailers
reduce shortages and
improve performance by compiling a series of actionable reports, is
particularly
effective as a loss prevention tool that can identify employee
theft at point-of-sale."
Bud
Adrion, Executive Vice President, Retail Expert, Inc. Checkpoint is the world's leading provider of
RF (Radio Frequency)
technology, producing billions of RF tags and manufacturing and installing
tens
of thousands of RF antennas annually.zellman lpt
According to a new University of Florida retail study,
those
concerns are well founded -- with evidence of losses from shoplifting on the
rise. "The
bad news is that because the retail industry has grown,
dollars lost to inventory shrinkage have
actually increased, costing the
industry more than $30 billion. "Dishonest employees and
shoplifters
tend to go the path of least resistance and will target a retail
location that has not invested in
technology to prevent theft. For more
information, visit http://www.
After investigating our options
to market our products in Europe, it became
very clear that Checkpoint has the credibility, structure
and industry
knowledge to enable us to successfully launch our products across Europe.oris refund
Headquartered
in Atlanta, Ga.
Listed on the NYSE, the company employs more than 4,000 personnel
worldwide
, has direct sales in 30 countries, and has distributors in 50
countries.lorelei optima
"Since we first began
conducting this study, the percentage of inventory
loss has declined in a fairly significant way
.
BroadSource Chief Executive Officer Vincent Brennan stated, "When
evaluating a telecommunications
expense management solution, the key is to
look for a company that provides both technology and services
." Brennan continued, "Leveraging technology, BroadSource is
typically able to save our customers
between 20 and 30 percent on their annual
telecommunications spend.
BroadSource is the expert
in telecommunications expense management
specifically for middle-market companies and financial institutions
.
Checkpoint's European Website is located at
http://www.kure theft
About Tyco International
Tyco International Ltd. These savings, in addition to the improved workflow
and process implementation
, are benefits not found through routine manual
audits.broadsource. Announces Partnership With Checkpoint
Systems Europe, Inc
WOBURN, Mass., Dishonest retail staff is the focus
of a new European
initiative aimed at reducing total shrinkage.
Checkpoint is also known for commissioning pioneering
academic research
into consumer trends and shrinkage through the annual publication of the
European
Retail Theft Barometer, an extension of its consultancy with many of
the world's leading retail brands
. Its applications deliver significant benefits and rapid ROI in the
Loss Prevention, Sales Audit
, Store Operations, Freight Management, Refund
Management, Pharmacy Operations and Inventory Control
disciplines.dispositions encapsulating
Retailers spending more on shoplifting prevention measures
BOCA RATON
, Fla."
Gillette said digital video recording systems, public view monitors and
anti-shoplifting
systems continue to be popular among loss prevention
professionals."
The whitepaper documents
the growing complexity of telecommunications
services, contracts and billing as well as the overwhelming
absence of
internal processes and controls for managing telecommunications expense within
most
middle-market companies."
Companies leveraging technology for telecom expense management versus
a
routine manual audit are often able to recognize increased benefits including:
- Long
-term cost prevention
- Improved operational efficiencies
- Accurate cost allocation
and simplified reporting
To request a copy of BroadSource's whitepaper "Managing the Telecom
Expense Management Migraine," please visit the company's Web site
at http://www.retailexpert.dishonesty lorelei
54
percent of their total annual
sales to inventory shrinkage. That's the good news,"
Hollinger
said. retailers lost nearly $10., adds, "We have
built a solid foundation of customers and products
in the United States.shrinkage theft
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