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STANDING UP TO FRAUD
2009 Retail Fraud Show was standing room only - Now the Show is going 'On The Road'
Retailers are standing up to fraud - literally. With the 2009 Retail Fraud Conference having standing room only and the strong take up for Retail Fraud Awareness Day on 30th June, there is a clear appetite that retailers are not taking fraud lying down.
Now the Retail Fraud Conference in going on the road with a conference taking place at the Walker's Stadium, Leicester on October 7. Speakers will include a mixture of leading retailers and academics who herald from outside London including Professor Joshua Bamfield, the author of the Global Retail Theft Barometer, Adrian Beck, Reader in Criminology at the University of Leicester and Martin Gill from the Perpetuity Group. Retailers presenting include Robert Jennings from Boots, Mick Paisley from the Alliance and Leicester and Richard Quinn of the Co-operative Group.
The event is likely to trigger other Retail Fraud Conferences around the UK as part of the On The Road theme ahead of the 7th Retail Fraud Show at its traditional home of the Novotel, Hammersmith in April 2010, delegate and sponsorship bookings for which are already ahead of expectation as a result of the 2009 event.
The 6th annual Retail Fraud Show got underway at the Novotel on Thursday April 30 and there was standing room only in both the technology and online presentation streams as well as strong interest in the Master Class programme as a record number of delegates attended the day.
With over 400 delegates from the industry at the one-day event, standing up to fraud was also a major theme of the conference as Retail Fraud Magazine launched Retail Fraud Awareness Day, a staging post for retailers to raise the profile of this national day of action.
Sponsored by the ORIS Group, Retail Fraud Awareness Day was launched by John Wilson, editor of Retail Fraud, and Laurence King, described by one CEO as Europe's premier loss prevention expert. King, who has more than 40 years experience in the retail sector, set out five points that could make a difference to reducing the fraud and shrink that is costing the UK High Street £4.1 billion per year. People, premises, processes, technology and the supply-chain are all vulnerable links in the fraud chain that retailers must constantly evaluate and invest in, and these are the starting points for measuring and managing the problem in every business, said King.
Hosted by Retail Knowledge Ltd, the conference, sponsored by SPSS, Tripwire, Cybersource,192.com and The 3rd Man, is considered to be the definitive event for all aspects of physical, online and technical fraud prevention within the multi-channel retailing environment.
Over 30 speakers focussed on this year's two main topics - Technology and Online Fraud. Joining the speakers were over 30 exhibitors. There were four Master Class sessions during the day including an independent analysis of data mining technology. Commenting on the day, Diane Gantley, Head of Internal Audit at Ann Summers said: "The Retail Fraud Conference was a really enjoyable day with a good mix of subjects, relevant to the climate. It was a great opportunity to meet people both socially and professionally."
Speakers included The Carphone Warehouse, Jaeger, JD Sports and Republic as well as ScrewFix and BestBuy from the US where head of loss prevention Paul Stone shared with a packed audience how one of the world's biggest retailers has re-invented itself as a master of shrink management in just 10 years during which time it has reduced its losses down to .5 per cent.
Geoffrey Northcott, the head of loss prevention for Borders and founder of The Loss Prevention Company, spoke about the new breed of civil recovery being imported from the US where retailers are now happy to go after a fraudster's assets and are already doing so.
Northcott, who presented longside Greg Saputo of US Civil Recovery Law Firm Palmer Reifler said of the conference: "The event was excellent and I heard some very positive feedback. Well done to the organisers and I look forward to 2010."
For more detailed information or to get involved with the 2010 Retail Fraud Conference of Retail Fraud on the Road, please visit www.retail-knowledge.com. Alternatively, contact Keith Newton on 0116 287 4244.
LIGHTS, CAMERAS, ACTION!
Staff induction and empowerment films provide recession-busting new front line against fraud
Retailers are reducing costs at every level of the business and investment in loss prevention and security is no exception, despite evidence that the economic downturn will cause an increase in so-called 'necessity' theft.
Some retailers have cut their guarding bills - by far the most expensive and visible security measures - by up to 50 per cent.
So how are loss prevention managers coping with the downturn and the trimming back of security investment?
Evidence suggests that they are turning to their most effective loss prevention tools - their employees - by motivating them to take action against both the external thieves and 'the enemy within,' the active minority of dishonest staff who are contributing to the UK's £4 billion shrink bill.
UK retailers including The Co-operative Group, Boots and Peacocks are all advocates of this collaborative approach. Read the new Retail Fraud Magazine to learn more about how they have used this approach www.retail-knowledge.com |