Retail Risk – the world’s biggest Loss Prevention Conference 2019 will take place this Friday, August 29 at Pier One Sydney Harbour, 11 Hickson Road, Walsh Bay, in Sydney.
The Retail Risk conference series are very popular among retail risk and loss prevention professionals around the world. It is free for all retailers and it addresses hot topics such as fraud in the ecommerce sphere, retail loss prevention, behavior detection, security and counter terrorism, loss prevention, risk and sustainability, etc.
Understanding Retail Loss in the Retail Sector
Retail loss costs us all. Through the increased cost of loss passed on to consumers, the productivity impact of identifying, reporting and restocking items which are no longer on show (supply chain and store), the inherent danger of confronting potential theft offenders through to the cost of implementing protective and proactive measures in reducing loss.
It is estimated that in Australia alone, theft costs the retail sector over $7.5 billion annually. In addition to just theft, retail fraud is estimated to cost over $100m annually. This works out to be on average approximately $450 out of every household pocket. That money would be much better off in your own pocket.
loss prevention