Protection 1 Launches Next-Generation Version of Alarm Data
Analytics Platform, eSuite 2.0
Protection 1, the premier full-service
business and home security company in the U.S., today announced the release of
eSuite 2.0, the next-generation version of its innovative alarm data analytics
and reporting platform for enterprise and commercial customers. Developed
through direct feedback from users, eSuite 2.0 is built to answer Protection 1's
customers' needs. New capabilities include a new user experience, intuitive
interface and mobile capabilities that will enable customers to access key
features on-the-go. Protection 1 will showcase eSuite 2.0 functionality at the upcoming RILA Asset
Protection Conference, April 17-20 in Grapevine, Texas in booth #503.
Giving Retail CEOs What They Need the Most
Earlier this year, the Loss Prevention industry was shaken when the D&D Daily
referenced the latest Whitepaper by the Calibration Group, which revealed that
Stock-on-Hand (SOH) is 7 times greater than ORC. Now that the world of retail
has been alerted to this new finding, what can Loss Prevention professionals do
to leverage technology in a way that reduces shrink while increasing sales?
Watch this video for the answer to this provocative question. It's time to
give retail CEOs what they desire: A Loss Prevention Department engaged in every
aspect of the business. Download the Stock-on-Hand whitepaper
Visit CONTROLTEK USA at RILA Booth #324.
JC Penney CEO, Marvin Ellison: "Outwork your peers, get ahead"
Though the company faces plenty of challenges, including a stock that trades at
a fraction of its previous highs, Ellison is already making headway. Last year,
the company's revenues increased 3 percent, to more than $12.6 billion. For
those still early in their careers, Ellison's advice is to find a mentor who can
help them set goals. "The easiest thing to do is to find someone in a job you'd
love to have in five years and figure out how they got there. Reverse engineer
their path," Ellison told CNBC. After that, he said, it's about putting in the
work. "Companies survive because of great performance. If you perform at a
sustainable level consistently, you're going to move ahead. If you don't, then
you're working for the wrong company and that may be a decision you have to
make," he said. One thing the CEO advises other leaders to be careful about is
being too focused on the big picture. "A lot of times when you're looking so far
down the road, I tell my team you can trip on the curb at your feet. It's
important to have balance - short-term balance, long-term balance - and not get
ahead of yourself," he said.
UK - 'LP Director of the Year' on how to succeed in risk and loss prevention
Colin Culleton - Group Loss Prevention Manager, Next Plc and Fraud Awards Loss
Prevention Director of the Year 2015/6 gives us his thoughts on how to succeed
in risk and loss prevention. Colin will be appearing at
Retail Risk - London next week as main Chair and also giving a presentation
on "Effective collaboration between businesses, crime reduction partnerships and
the Police - vision or reality?"
"I see significant opportunities within our industry for talented individuals to
make a genuine difference to business performance. I regularly meet heads of
loss prevention who are getting opportunities to influence business at a senior
level. And one consistent factor seems to be their willingness to be involved or
responsible for historically non-core LP activities.
The days where a HoLP could expect to manage physical security, investigations
and loss prevention managers alone are long gone. Now a HoLP or Risk can be
expected to manage diverse areas such as, inter alia, Data Protection, Business
Continuity, Brand Protection, Supply Chain and Omni-Channel. Modern risk & loss
professionals will also be expected to have a thorough knowledge of Information
Security and contribute to the development of robust policies and procedures."
Study finds retail fraud incidence rising
According to the "2016 True Cost of Fraud Report" from LexisNexis Risk
Solutions, the monthly average of fraudulent transactions has increased 32% to
206 from 156 in 2015. In addition, the monthly average of prevented fraudulent
transactions has risen 33% to 236 from 177. The study of more than 1,000 risk
and fraud executives in e-commerce and multichannel retail organizations also
shows that the level of fraud as a percentage of revenues has inched upward from
1.32% to 1.47%. For mobile commerce and international retailers, that percentage
has climbed to 1.69%.
Retailer suit targets EMV mandate
- Claims EMV certification is a 'murky, nebulous' process
It was probably inevitable that somebody at some point would challenge the
legality of the Oct. 1, 2015 EMV (Europay, Mastercard and Visa) liability shift.
Two Florida retailers have filed the first federal class action lawsuit in
response to the EMV mandate. Law firms Robbins Geller Rudman & Dowd LLP and
Devine Goodman Rasco & Watts-FitzGerald LLP are handling the suit against the
four largest U.S. credit card companies and some of the country's biggest banks
for allegedly conspiring to shift the responsibility for billions of dollars
in fraudulent credit card charges away from themselves and to retailers.
In particular, the suit alleges that the process of "certification" for a
retailer to prove they have adopted the proper equipment to securely accept EMV-compliant
payments is a "murky, nebulous" process controlled by the defendants, who
benefit from the existence of uncertified retailers that will absorb the
liability for fraudulent payment card transactions.
In the first five months after the liability shift, Milam's Markets, a South
Florida grocery store chain, and Grove Liquors, a Miami liquor shop, claim they
were assessed more than $10,000 in chargebacks for fraudulent transactions,
compared with virtually none for the same period the year before.
Chip Cards Cause Headaches at Stores Across America
A majority of credit cards in the U.S. now contain a chip designed to add more
security -- yet most payment terminals at retailers can't read the new
technology. And the situation isn't going to improve anytime soon. By the end of last year, only about 20 percent of terminals had been
activated to process them, according to Alex Johnson, a director at researcher
Mercator Advisory Group. In contrast, almost 60 percent of credit cards issued
by banks are embedded with a chip.
The expenses involved and longer transaction times have given many merchants
pause in updating their systems. Retailers, from big-box chains to mom-and-pop
stores, will spend a cumulative $30 billion to $35 billion to switch to EMV,
according to the National Retail Federation. Now, as store owners get a feel for
what it's like to shoulder the fraud costs, they are racing to buy, certify and
deploy the technology. Yet the retailers are the ones waiting in line as demand for
devices and services outpaces supply.
"Frankly the biggest challenge in EMV adoption is the queue," said Vin D'Agostino, an
executive vice president at payment terminal-maker VeriFone Systems Inc.
Pittsburgh, PA: Steelers step away from Union Security Guards
What does it mean for Pittsburgh?
Workers who, in the past three years, had stood inside the Heinz Field control
room, helping coordinate security for crowds of more than 60,000 were outside
the stadium on April 1, protesting for their jobs. Fifteen U.S. Security workers
lost them two days later when the Steelers' contract with their employer expired
and was not renewed. They were replaced by Landmark Event Staffing Services.
Landmark's workers aren't unionized. U.S. Security's staffers, and the guards at
11 other security contractors in and around Pittsburgh, are. In the past year
and a half, 1,000 security workers at AlliedBarton Security Services, G4S,
Securitas, St. Moritz Security Services, I.S.S., S.O.S., U.S. Security, Black
Knight, Command Security, I.I.S, and Chesley Brown joined the Services Employees
International Union, Western Pennsylvania district director Sam Williamson said.
McDonald's stores targeted by protests for $15 an hour
Protesters calling for pay of $15 an hour and a union will be at McDonald's
stores around the country Thursday as part of an ongoing push targeting the
world's biggest hamburger chain. The "Fight for $15" campaign says low-wage
workers plan to turn out to show their solidarity with fast-food workers. They
say they're targeting McDonald's because of its ability to influence pay
practices throughout the economy.
Retailers fight to stop Obama's overtime rule
In meetings with administration officials and in a letter to Congress on
Wednesday, the National Retail Federation called the Department of Labor's
proposed overtime rule "misguided and extreme."
NRF claims the rule, which stemmed from an executive order President Obama
issued in March 2014, fails to account for regional differences in the nation's
economy and will disproportionately impact employees and employers in areas like
the South and Midwest.
The federation urged Congress to block the administration from moving forward
with the rule by passing the Protecting Workplace Advancement and Opportunity
Act. The bill, introduced by Sen. Tim Scott (R-S.C.) and Rep. Tim Walberg (R-Mich.),
would require the Labor Department to thoroughly analyze the impacts of
expanding overtime pay before issuing a final rule.
Lowe's funds Rona acquisition
The home improvement retailer has agreed to sell $250 million of floating rate
notes due 2019, $350 million of 1.15% notes due 2019, $1.35 billion of 2.50%
notes due 2026 and $1.35 billion of 3.7% notes due 2046.
Lowe's plans to use the net proceeds from the sale of the Notes to fund its
planned $2.3 billion acquisition of Canadian home improvement retailer Rona Inc.
The company will also use the net proceeds for the repayment of $1.025 billion
in debt and other general corporate purposes. Closing is expected to occur on
April 20, 2016, subject to satisfaction of customary closing conditions.
Same Store Sales Results
Pier 1 Q4 comp's down 0.6%, sales down 1.4%
Donations are currently being accepted
to help the family of
Loss Prevention Benevolent Fund, administered by The Loss Prevention
Foundation (LPF) is currently accepting donations for the family of
J.D. Ferguson. Jaseramie Dion Ferguson, 25 was shot and later lost
his life while trying to apprehend a suspected shoplifter. 100% of the funds collected by LPBF,
go to the family.
On behalf of the LP/AP community and the LP Benevolent Fund
Committee, we would like to send our heartfelt thoughts and prayers
to the Ferguson family at this difficult time.
Let's show the compassion and generosity of the loss
prevention/asset protection community by conducting a successful
fund raising campaign.