Protecting Macy's: Team Strategies to Combat Theft This Holiday Season
Learn why theft poses risks for both you and Macy's, explore the impact of theft on wages, work hours, job security, and more, and discover strategies for effective team communication, leadership, and preventing theft during the holiday season.
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Presentation Transcript
Prognostication Why theft is bad for YOU and Macy s Identifying the problems What do we need to work on as a TEAM How we can prepare for this HOLIDAY season
What Theft Means To You Lower Wages More Work Fewer Hours More Hours Job Security Macy s Overall, Loss In Sales Potential Lawsuits Bad Publicity Loss In Vendor Retention Loss In Shareholder Quality
Communication Talk with team leaders and assistant managers about concerns Share Ideas Put forth the EFFORT
Leadership vs Fellowship Pursue this as a career The benefits are a bonus Be EFFECTIVE Be a TEAM
Committed by non-employee Shoplifting A way of avoiding payment for items Effective during peak hours Is normally a one-off thing Return Fraud
The Numbers (Shoplifting) Comprises 34.34% of retail loss Macy s apparel sector shows us a loss of $934 per region per store ORC or organized retail crime, another type of shoplifting/retail crime, combined with non- ORC shoplifting and employee theft for 2/3 of the value of annual shrinkage (retail fraud, losses, other types of retail losses), causes $50.6 billion annually NRF's 2019 National Retail Security Survey $800,675,632 of which comes from the losses Macy s incurs $47 million is the amount of daily loss to stores Over $15 billion worth of goods per year shoplifted Shrinkage, retail theft that includes shoplifting, added up to $42.9 billion in 2017-2019
Employee Theft Screening Know your TEAM Call out the corrupt and abusive Not everyone is perfect
What Others Have Said As for running. [ ] In a store like Macy's it is hard to find a straight path to any exit [ ]. So, it is risky for the shoplifter. (r/IAmA - I Am A, where the mundane becomes fascinating and the outrageous suddenly seems normal.) A bathroom is no different then a dressing room except for the purpose that it sends of huge warning signals to us. We have signs posted that say don't bring merchandise in the bathrooms. (r/IAmA - I Am A, where the mundane becomes fascinating and the outrageous suddenly seems normal.) Camera's are more often then not in domes, and most "big" retail stores have very few blind spots. At a gas station, maybe, but not at a store like Macy's. Also, it's common practice not to allow employees other then loss prevention to see the cameras to avoid people who work their getting any ideas. Also, stockrooms have cameras all over them, both those you can see, and those you cant. (r/IAmA - I Am A, where the mundane becomes fascinating and the outrageous suddenly seems normal.)
Fighting Back Biometric surveillance technology Application of RFID technology CCTV (Close Circuit Television)
Can Technology Stop Shoplifting? No But You Can!
National Retail Security Survey 2019 National Retail Federation Published Jun 6, 2019 Bureau of Justice Statistics National Association for Shoplifting Prevention https://www.reddit.com/r/IAmA/comments /ajayi/iama_master_shoplifter_ama/ Resources
