While many major retailers invest substantial sums in systems and technologies to support their Loss Prevention strategies, they are often met with disappointments as their investments fail to yield the expected results. This is because dynamic systems are only one aspect of an effective loss prevention strategy. Without efficient processes and the right group of people to action them, the highly expensive, otherwise dynamic systems are doomed to be under utilised.Read More
There can be no doubt that the GCC has experienced a rapidly developing retail environment, making it one of the world’s most competitive and fast-paced markets.
With an emphasis on foresight, innovation, and efficiency the UAE continues to mould the future of retail with changes in legislation, the introduction of VAT and the ever-growing prevalence of e-commerce.Read More
The 2017 GCC Loss Prevention Survey conducted by Professor Adrian Beck was the first ever survey that sought to understand factors contributing to Retail Loss in the region.
One of the most significant findings of the survey was that respondents estimated that over a third of retail loss is attributed to process and admin errors. This should not be surprising given the transient nature and diversity of the workforce which is predominantly comprised of expatriates from surrounding Arabic States, Asia, North Africa and Eastern Europe where English is not the first language.Read More