Multiple fashion retailer, New Look is investing in new technology that it hopes will save the organisation up to £4 million currently lost due to theft each year. A combination of read-only tags and software to check till transaction will ensure that stock is protected efficiently.
An added bonus of the system is that it will help to speed the passage of stock through the shop. Radio-frequency tags on clothing will be disabled at the till removing the need to apply and remove security tags as stock goes in and out of the store.
The tagging technology is supplied by Checkpoint and the software comes from IntelliQ. The system will look for anomalous transaction data including cash refunds, voids and staff discounts and will highlight stores where there is a problem.
The information collected will feed into another web-based system and will be used to track investigations through to a conclusion such as a prosecution of civil recovery.
If you want information about the Business Forum's Business Crime Redcution Partnership contact Dorothy O'Rourke on 01273 733393 or click on the Crime icon on the left hand side of this oage to download details and an application form
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