STORES Magazine - July 2010 - (Page 72)

CONSIDER THIS / NRF NEWS Hot Trend from Hotlanta: Shrink is Shrinking More than 2,500 retail loss prevention professionals and law enforcement officials attended NRF’s 2010 Loss Prevention Conference & EXPO last month in Atlanta. Tom Cole They heard from a lineup of speakers that included Macy’s chief administrative officer Tom Cole; Michael Archbold, executive vice president of The Vitamin Shoppe; Saks’ executive vice president Michael Brizel; and Marvin Ellison, executive vice president of The Home Depot; and had the opportunity to wander an EXPO Hall floor packed full of LP solution providers. The collaborative release of new industry data rounded out another strong conference. NRF’s annual organized retail crime survey and the National Retail Security Survey both found that shrink rates have declined. According Chris Rollan to NRF’s sixth annual ORC survey, 89.5 percent of retailers say their company has been a victim of ORC within the past 12 months – down nearly 3 percent from the previous year. The survey also found that nearly half of retailers are allocating additional resources to address ORC, and LP executives on the whole saw an increased level of understanding from management and law enforcement From L to R: Kelly Gorman, VP of Loss Prevention at PETCO, leads the panel discusofficials about the severity of the issue. sion “Loss Prevention from a C-Suite’s Point of View” with Michael Brizel, EVP and Preliminary findings from the National General Counsel of Saks Fifth Avenue; Marvin Ellison, EVP at The Home Depot; and Retail Security Survey, a partnership beMichael Archbold, EVP, CFO and COO at The Vitamin Shoppe. tween NRF and the University of Florida, pointed to the same trend: It found that shrinkage dedents of his community, thanked his wife and daughter, parcreased to 1.44 percent of retail sales in 2009, down from ents and police chief for their support while he solved the 1.51 percent in 2008. Total retail losses ($33.5 billion) decase. He also thanked the retailers who worked with him, clined by $3 billion between 2008 and 2009. noting that law enforcement would be “severely handi“Retailers lose billions to shoplifting, internal theft and other capped” without resources from the retail community. types of criminal activity every year, so it’s encouraging to The 2010 Loss Prevention Case of the Year was awardsee these small successes when it comes to shrink rates,” ed to Tourneau director of loss prevention James Carson said NRF senior asset protection advisor Joe LaRocca. and Michael Chapman, the company’s vice president of A resounding takeaway from the conference was the inoperation and security. Carson and Chapman are responcreasing success of retail-law enforcement partnerships sible for putting an end to a massive credit card scheme in throughout the country. Through these partnerships, dediwhich two of Tourneau managers fraudulently charged cated law enforcement and LP professionals work cases $696,000 worth of purchases. day in and day out to put retail criminals behind bars. NRF NRF also inducted Loss Prevention magazine president honored several of these professionals at the conference. James Lee into the Ring of Excellence for his service as a Helena, Ala., police detective Chris Rollan received NRF’s solutions provider in the areas of training, awareness and Law Enforcement Retail Partnership award for his efforts in consulting for the retail LP community. solving 16 violent armed robberies at Winn-Dixie stores in For more information about sessions and research at the Birmingham area. Rollan, who said he “took it personalNRF’s 2010 Loss Prevention Conference & EXPO, visit ly” when armed robbers victimized businesses and 72 STORES / JULY 2010 WWW.STORES.ORG http://WWW.STORES.ORG

Table of Contents for the Digital Edition of STORES Magazine - July 2010

STORES Magazine
Editor's Page
President's Page
Retail People
Corporate Leadership
Top 100 Retailers
Location Apps
Food Safety
Risk Management
ARTS Update
Point of View
NRF News
Retail Industry Calendar
End Cap

STORES Magazine - July 2010