According to the Centre for Retail Research*, the cost of retail crime is escalating and shrinkage (stock loss caused by crime, waste and error) rose to 1.37% of sales in 2011 compared to 1.29% in 2010. Again, customer theft was the highest cause of shrinkage equating to 2146 million with employee theft amounting to 1765 million.
To combat fraud, retailers are committed to investing in new technologies and solutions and spent 1019 million on security and loss prevention in 2011. In order to source the very best security and loss prevention solutions, the Retail Fraud On the Road Conference remains the must-attend event for the industry. As the sister conference to the annual Retail Fraud Conference (April 19, 2012 in London), the Retail Fraud On the Road Conference retains its reputation for showcasing the latest developments in reducing retail fraud, attracting the very best vendors, speakers and retail delegates. Last year's conference attracted over 300 delegates.
Taking place on 4 October 2012 at the Kings Power Stadium in Leicester, the agenda will include speakers from leading retailers including ASDA, Bernard Matthews Foods Ltd, McDonalds, TM Lewin, The Body Shop and Matalan.
Exhibition organiser, Paul Bessant of Retail-Knowledge said: "Along with our sister conference, Retail Fraud, the Retail Fraud On the Road Conference continues to bring together top-end speakers and exhibitors, sharing their expertise to an industry that recognises the need for the very latest in solutions for the prevention of retail fraud particularly at a time when it is on the increase."
The exhibition will feature companies specialising in: technology solutions including data mining & business intelligence, personnel training, identity theft, biometrics plus the latest developments in store alarms, tagging, security personnel, EAS solutions, covert and traditional CCTV; online fraud including cardholder not present (CNP) fraud prevention, online and multi channel fraud, address verification, phishing, account take over including best practise on no go countries and areas; and loss prevention strategy featuring a choice of four extended and in depth sessions covering the hottest topics within Retail Fraud and Loss Prevention. Exhibitors will include Cybersource, Cardinal Security, Volumatic, B to B Links and Axis.
* (Source: Global Retail Theft Barometer 2011) and supplementary research