53 Data-Backed Retail Statistics Shaping Retail and Beyond (2023) - Shopify Supply chain threats: 5 game-changing forces [Note: full article requires Insider registration.]. This chapter looks back at how safety and security have developed in hazardous technologies and activities, explaining what has become an intersection between the two in both strategies and management practices. In retail, carefully applied security measures clearly benefit the bottom line. For more information, click on the following links: Our team is ready to discuss your specific needs and walk you through a free, no-obligation demo so you can see what were all about. You must ensure all your software is up to date if you wish to improve safety and security in retail stores. In addition, there are companies dedicated to helping retailers design, deliver, optimize and accelerate digital transformation with security in mind. Unlike physical security breaches, digital threats are carried out through cyber break-ins. By safeguarding your assets, building customer confidence, and protecting your brand reputation, retail security becomes a catalyst for growth and prosperity. LinkedIn and 3rd parties use essential and non-essential cookies to provide, secure, analyze and improve our Services, and to show you relevant ads (including professional and job ads) on and off LinkedIn. Theres no time like 2021 to double-down on security measures. Industry data shows that security issues in retail arent slowing down. Slip, trip and fall hazards are in every part of stores, thus incidences of slips, trips and falls are growing. The items on an LP checklist can vary, depending on the store, but here are some common points to include: For a full list of items to include, check out our Loss Prevention Checklist. garnier fructis wonder waves walgreens; cu denver computer science transfer; woocommerce sagepay form and sagepay direct gateway; bohemian blonde beauty works The . You must have JavaScript enabled to enjoy a limited number of articles over the next 30 days. Only certain financial institutions or organizations with the correct key can read the encrypted data, effectively improving safety and security in retail stores. Active assailants and gun violence have added concerns about workplace violence and employee and customer safety. When customers feel secure in your store, they are more likely to spend more time browsing and making purchases. To respond to the increase in ORC, violence, internal theft and more, retailers are looking to implement new security solutions togo above and beyondtraditional video surveillance and analytics. This section offers practical coverage of the PCI Data Security Standard and how it applies to your business. For more findings, visitwww.securitymagazine.com. The store layout you implement also has an impact on the safety and security in retail stores. The survey found that retailers saw a 26.5% increase in ORC incidents in 2021. Only 12% of survey respondents reported that their LP/AP teams were shrinking in 2022. It would be best if you regularly rekeyed the locks to prevent duplication from burglars with inside connections to your business. Such disruptions prove costly to your business and even go to the extent of compromising on daily functioning until resolved. To ensure that you are prepared for fire, you can install fire extinguishers within the store and ensure employees are correctly trained on how to handle such a situation. RFID not only helps speed up inventory counts but can also be used as a strong security measure. Placement of the safe is also an essential factor to consider; you need to ensure it is not in an open place that everyone can see. Retail theft investigations: Tactics and strategies. Showing 1 to 100 of 100 entries. Under OSHAs general duty clause, employers are required to provide a workplace that is free from recognizable hazards that could cause serious harm. Implementing next-gen retail technology to improve security & mitigate Remember, security is not just an expenseit is a strategic investment that yields substantial returns. Review these helpful safety tips for retail workers alone on the jobtopics that could save their lives. How Can a Property Management Service Help You? Whether chasing core categories like tobacco and alcohol or streamlining the customer experience by eliminating the checkout One of the biggest themes at this years NRF Big Show was the rapidly growing popularity of Buy Online, Pickup in Store" (BO National Retail Federations 2021 Retail Security Survey, The National Institute for Occupational Safety and Health (NIOSH)studied, OSHA has issued retailadministrative controls, The overall risk to the organization from the pandemic, noted by 69% of retailers, Increased levels of organized retail crime (ORC) violence, with 65% of retailers concerned, Multi-channel fraud increase, reported by 39%, Poor visibility of clerk or register area from outside of the store, Lack of employee robbery prevention training, Interior and exterior video cameras, appropriately focused on key areas, Adequate number of employees, especially after dark. A good rule of thumb to follow? Retail Security: Tips to Keep Your Store and Customers Safe To put adequate store security measures in place, you need to be aware of the threats that youre protecting yourself against. Loss prevention as a whole is the establishment of policies or procedures to prevent the unwanted costs associated with lost assets. Unlike typical retail workers, lone-working retail workers are at a higher risk of accidents without immediate aid and threats or violence. Charles Sennewald brings a time-tested blend of common sense, wisdom, and humor to this bestselling introduction to workplace dynamics. Retail workers, when they are working alone, are at a higher risk of violence and accidents without immediate aid. In the wake of the pandemic, retailers and shoppers alike were forced to make the leap to digital. Browse resources and read the latest articles and press releases related to loss prevention. Knowing how thieves operate is half the battle in preventing these types of retail crime. Contactless options enable transactions to be made safely and like the name implies with no contact, which is of utmost importance to help protect employees and customers. This article aims to share tips for safety and security in retail stores and why your business needs to invest in a worthy strategy. On the other hand, if youre bringing in warehouse and delivery personnel, then youll want to add drug testing and motor vehicle reports to the list of things to check. Cleanliness is also an essential consideration towards improving safety within the store. Ensure that the layout facilitates the correct functioning of commercial janitorial services to ensure easy cleaning even in the presence of customers. EMV cards are safer and more secure than those with a magnetic strip and most retail segments have introduced EMV-compliant payment terminals. For retailers themselves, touch-free technology and platforms like self-scanners can increase efficiencies, speed up the time of checkout and address current shopper preferences, all while reducing the risk of theft. been particularly aggressive in attempting to reduce security risks in their properties. The retail industry has a lot of diverse and physical demands for its employees. Here's a roundup of security strategies for protecting retail inventory, profits and employees. Understanding the ROI of the Agilence Platform. A well-arranged store with clean floors and shelves gives a better impression than one with the opposite appeal. Select Accept to consent or Reject to decline non-essential cookies for this use. Information from CISA about active shooter preparedness, training and recovery. Facilitate compliance with occupational health and safety guidelines. In retail, even the slightest lapse in safety and security can spell disaster. Touchless access systemsuse facial recognition, helping to identify authorized employees while targeting potential intruders. Even still, employers can enact the following precautions to best ensure their workers safety: In addition to these precautions above, employees can also take the following, cautionary measures to ensure their safety: Other than the heightened potential of violence against lone workers, there are other hazards lone workers face while on the job without anyone nearby. Lets say you have specific measures for cash handling. A key management system proves effective in ensuring your store remains safe even when copies go missing, giving you control over who gets access to the store. Their vulnerability is because Microsoft discontinued their support and no longer issues updated packages to improve their security. Burglary and theft are two of the most common concerns in modern retail stores. Retail Worker Safety: Five Tips for Working Alone -- Occupational Ergonomics involves matching your workplace requirements to your employee capability, and it is vital when evaluating store security and safety. What Can Workers and Employers Do to Prevent Injuries? According to respondents, the average LP/AP department size as of January 31, 2022 was 391.4 team members; however, the median was 32. Safety is about to get a whole lot greener with MARTOR's new safety knives made of recycled plastic coming soon! When evaluating safety in stores, there are numerous factors to consider, from fire hazard measures to managing natural disasters. Organized crime and retail theft: Facts and myths. David Wilkinson ispresident and general manager atNCR Retail. Its your responsibility to provide a workplace free of recognizable hazards to your employees. You will give your very best as part of a team with diverse talent, cultures and expertise. How exactly should you communicate your policies? hbspt.cta._relativeUrls=true;hbspt.cta.load(201960, 'e6116291-5e14-41df-8468-6239153dc8ad', {"useNewLoader":"true","region":"na1"}); Receive free educational resources like exclusive reports, webinars, and industry thought leadership articles straight to your inbox. As ORC gangs become more sophisticated, retailers need to keep employees trained and aware of potential issues. One of the primary reasons most businesses are susceptible to unethical hacking and loss of data is using outdated software. October 26, 2021 by Bindy In retail, even the slightest lapse in safety and security can spell disaster. These success stories demonstrate the tangible benefits that retail security can bring to businesses of all sizes. Here are a few suggestions: The best way to get your employees to internalize your procedures is to convey them in multiple ways. You may want to retrain your team or issue a written statement reminding employees to enforce your security policies. Here are some tech tips for safety and security in retail stores that every business needs to consider in the daily running of their business. While retail shrink encompasses many types of loss, it is primarily driven by external theft, including theft linked to organized retail crime (ORC). In the retail industry, loss prevention can refer to inventory or people. She covered topics including cybersecurity and physical security, risk management and more. When managing a business, even your employees need access to store keys to ensure activities flow smoothly. Since there are many parties with the store key, it is very easy for misplacements or failing to return their pair after changing jobs. Interested in participating in our Sponsored Content section? For instance, most POS systems have user permission features that let retailers limit the information or actions available to certain employees, based on their roles. Get a fresh perspective on Loss Prevention and see how our platform can help your business. You should also look into the security features of your existing hardware and software. Retail Safety and Security Tools. NRFs loss prevention community works with retail LP professionals, law enforcement and government agencies to protect retailers, people, assets, reputations and brands. This is why it is important to establish store security measures across your locations. Get a grip on all your data to minimize total retail loss, Avoid fraud, theft, waste & compliance issues, Combat theft, markdowns, human error, and perishable shrink, Compare store performance and forecast fuel sales, Automate your diversion programs and track controlled substances, Increase profit by reducing preventable loss, Understand your operations across the enterprise, Access all your data and metrics in one place. It is much more secure than the older security tags, but does come at a higher price point.. But more than a quarter of U.S. retailers were still impacted by crime. These terminals generate a one-time code for every payment, making it more challenging for a scammer to steal credit and debit card information. Identify the parts that are prone to security breaches. The NRF r, 1. Save my name, email, and website in this browser for the next time I comment. In recent research conducted by IHL Group and RIS News for the Retail Experience Study, retailers representing over 300 brands were asked about the types of analytics they used. The bottom line is this: fraudsters are masterful at upping their game, and retailers must follow suit to protect themselves and their customers, too. Choosing a solid lock system for your store is one practical tip to maximize safety and security in retail stores; the burglar should work hard to gain entry. Cash, cards, inventory and customer data intersect at the point of sale. 3, VAC-U-MAX offers a full range of compressed-air operated industrial vacuum cleaners for high volume recovery of combustible dust, flammable liquid, and reactive powder. And nearly halfof all Americans support its use to help prevent shoplifting. Train your employees well and communicate your policies, Post reminders and guidelines around your store, One of the most effective ways to keep employees and customers safe is to install a surveillance camera system with comprehensive coverage over the most highly-trafficked and important areas, says Gregg DeRouanna of. And digital transactions that include next-generation retail technology usage can increase an organizations security by helping to decrease the likelihood of fraud. Investing in a safe is another practical tip for safety and security in retail stores. 3, Efficient, ergonomic, and eco-friendly. Supply chain security is being remade by black swan events, economic blahs, and more. Don't let these networks be a weak spot where criminals can intercept important data. #5 Use analytics to monitor employee theft. You must have JavaScript enabled to enjoy a limited number of articles over the next 30 days. Are you ready to elevate your security game and take charge of your data-driven decision-making? Your safety management program should incorporate the following 10 key components: Management Involvement Management must lead by example. Having a record of incidents, should they occur on your premises, can also help protect you and your employees from liability. When safety incidents occur on the job, the resulting fallout travels well beyond the employees and facility involved. Beyond losing goods, retailers also face several security-related challenges across the industry. CA: Do Not Sell My Personal Info. You should also go through your inventory and take note of which items are susceptible to theft. Don't let security gaps hold back your business successtake proactive steps today. Brophy also cautions against storing sensitive customer data and credit card information. These systems can secure a facility in seconds, using remote and cloud-based systems. Interested in participating in our Sponsored Content section? Are you eager to know what's in store for retail in 2022 and beyond? By closing this message or continuing to use our site, you agree to the use of cookies.
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