Retail Security Snapshots

Inventory loss...

Statistics provided by The Retailers' Association indicate an annual inventory loss of over $37 billion nationwide for theft from employees, shoplifting, vendor fraud and administrative errors.

The National Retail Security Survey discovered that nearly half of all losses can be attributed to employee theft, adding up to billions of dollars annually.According to the Vice President of Loss Prevention for the National Retail Federation based in Washington, DC, Joseph LaRocca, it's estimated that only about one out of every eight or nine cases of scams and fraud are reported to the state's consumer protection office.

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Retail Teamwork in STORES mag

In the May issue of STORES magazine is an article featuring Retail Teamwork, "Just Sports Scores Big with New Replenishment System."

"[Kevin] Palmer says that Just Sports, which replenishes its stores overnight from a warehouse no more than three hours away from any of the stores, urgently needed a computerized system that would let it keep track of the inventory at the warehouse... Just Sports is completely dependent on the warehouse to replenish what each store has sold the day before. In researching possible solutions, Palmer and Just Sports president Kelly Roberts found Clearwater, Fla.-based Retail Teamwork, which was developing an integrated, all-in-one solution for specialty retailers."

Retail Teamwork is the product of Michael Mauerer, the creator of Retail Pro and other retail software, and was released in January of this year. Mauerer developed the software with an SQL database and a live data stream, making it the first live system in its price range. This streaming technology allows retailers to get data in real time without polling, and enables them to respond quickly.

Read a full review of Retail Teamwork...

Visit www.onestepdata.com for details and information about the Retail Teamwork software solution.