Retail Loss Prevention Group News

Salient Systems announce the appointment of Keith Aubele as the company’s Chief Security Officer (CSO)

Salient Systems, a globally renowned company in open architecture video management software solutions, has announced that Keith Aubele CPP, LPP has been named as the company’s Chief Security Officer (CSO). New Chief Security Officer Keith Aubele brings decades of experience at major retail organisations to the Chief Security Officer role, which is the first such position for Salient Systems. A former Director of Loss Prevention for Walmart Stores Inc, and Senior Vice President of Loss P...

Battling the $36 billion U.S. problem of retail shrinkage losses

Employees are the front line of defence — as well as the most economical defence — against shrinkage losses The financial cost of retail shrinkage is huge. The latest Annual Shrink Report issued by Dr. Richard Hollinger and Dr. Read Hayes at the University of Florida puts the total at $36 billion annually. Shrinkage has several causes: customers shoplifting , employee theft, supplier fraud and administrative errors. Frequent inventories and accounting audits coun...