Magazines Archives - 2008 August

Loss Prevention - Identify causes, manage shrinkage, protect margins
Story 5 - Focus

Philippine retailers have a hard time distinguishing modern-day shoplifters from legitimate shoppers while keeping problem employees from larceny in-store. With high production costs eating into their margins and a weakening consumer-spending power, they have no choice but to manage the problem. How successful are they? Tina Arceo-Dumlao reports.

Retail companies in the Philippines are lamenting that shoplifters no longer look the part. Gone are the scruffy clothes, shifty eyes and unkempt appearance that used to mark them out as likely
suspects in any retail store.

These days, many who come to steal can be easily mistaken for typical cleanshaven young urban professionals, with their slickly-combed hair and clean, neatly-pressed clothes, making it harder for retailers, already struggling under the weight of soaring production costs and customers’ dwindling purchasing power, to instantly spot them.

This increases the thieves’ chances of escaping with valuable goods without notice. But major retailers aware of the development have put in place various security systems to minimise pilferage, which, if left unchecked, will further erode their hard-earned margins.


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2008 Aug Stories:

Loss Prevention - New technologies make stealing tough in India’s malls & stores

Loss Prevention - Not the usual suspects: Retail crime virulent in the US

Loss Prevention - How much vigilance is enough for stores?

Loss Prevention - Retailers share notes on how to outsmart cheats

Loss Prevention - Identify causes, manage shrinkage, protect margins

Asian economies: Slackening growth, soaring inflation. Will Asian consumers tighten their belts and purse strings?

Singapore garment makers reach for the world under one industry brand

adidas opens largest concept store in Beijing ahead of 2008 Olympics

Food & Hotel Thailand 2008 promises new feature alongside familiar favourites

Show quality takes precedence over visitor statistics at Natural Products Expo Asia

Show offers chance to stock up on toys, gifts & houseware before Christmas

CRC buys over Siam Makro’s office-supplies unit in business-boosting move

Dairy Farm spreads neighbourliness in fast-paced world

FJ Benjamin takes Rado to Indonesia SINGAPORE fashionwear company

BreadTalk enters alliance to take premium US burger chain into Chinese market

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