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Retailers See Loss Prevention Results

“For the first time in over 10 years, total shoplifter and dishonest employee apprehensions, and the dollars recovered from those apprehensions all declined from the previous year,” says president of Jack L. Hayes International. Shoplifters and dishonest employees stole over $7.0 billion in 2010 from just 23 major retailers, according to the 23rd Annual Retail

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Technology Driving Cash Management

Retailers are using smart safes and strict corporate policies to protect store employees against robbery attempts. By Howard Riell, Associate Editor. While theft attempts are inevitable for convenience stores, especially those operating 24 hours, losing  hard-earned cash shouldn’t have to be. Since retail safes were introduced and combined with smarter money-handling practices, store owners have

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Attacking Shrink from All Angles

Loss prevention in retail is becoming a more challenging task as the economy stumbles along. In order to keep costs down it is important to put measures into place that will deter thieves. In a tough economy, every dollar counts. But loss prevention is often overlooked by convenience stores, even when following through on upholding

Retail Theft Laws Get Stronger In Pennsylvania

Pennsylvania Governor Ed Rendell signed the Pennsylvania Food Merchants Association (PFMA) and Pennsylvania Convenience Store Council (PCSC) supported “Organized Retail Crime” (ORC) legislation into law today. Representative Thomas R. Caltagirone (D-Berks) was the primary sponsor of the bill and Representative Ron Marsico (R-Dauphin) was the first co-sponsor. House Bill 1720 strengthens Pennsylvania’s retail theft laws.

Securing the Convenience Store

Security remains an ongoing concern for convenience store operators, but new technologies and approaches are offering some great help. And great help is a great asset, because there is a lot of work to be done. Bad economic times mean increases in petty theft at retail. In fact, U.S. retailers lost $34.8 billion in stolen

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