Tony D'Onofrio
Tony as Co-Host/Guest
Loss Prevention Research Council Weekly Series - Episode 188 - EAS vs RFID, Crime in California, and Post Pandemic Review
With Dr. Read Hayes, Tony D'Onofrio, and Tom Meehan
One retail customer that experimented with eliminating hard tags from its LP programs saw shrink more than double in test locations within one year. Another retailer saw shrink grow 40% to 70% in test departments in just seven weeks. A third retailer saw shrink increase by 40% in stores or categories where tags were removed — but not elsewhere in the store.
Loss Prevention Research Council Weekly Series - Episode 187 - Digital Acceleration and the Top 5 Global Risks for 2024
With Dr. Read Hayes, Tony D'Onofrio, and Tom Meehan
Americans are now roughly twice as likely to prefer getting their news from digital devices than television. Three-in-ten USA adults regularly get their news on Facebook with YouTube coming in second at 26%. For GenZs, one-third regularly scroll TikTok for news, up 255% since 2020. AI impact for retail by 2029 will reach $9.2 trillion dollars.
Loss Prevention Research Council Weekly Series - Episode 185 - Retail workers safety concerns and top consumer fears of online marketplaces
With Dr. Read Hayes, Tony D'Onofrio, and Tom Meehan
Most retail workers feel unsafe; want better planning, security. The top consumer fears about online marketplaces are… LA Sheriff says it busted a retail crime ring with millions of dollars of stolen medications and personal care products
Loss Prevention Research Council Weekly Series - Episode 184 - UK / USA crime and Self-Checkout Challenges
With Dr. Read Hayes, Tony D'Onofrio, and Tom Meehan
In UK, of the 408,690 police-recorded shoplifting offences in England and Wales in 2023 that were assigned an outcome, 16% were charged or summonsed while 58% of the investigations were closed with no suspect identified. In USA while the rate of reported violent crime fell 2.1% between 2021 and 2022, total violent crime—reported and nonreported—rose from 16.5 incidents to 23.5 per 1,000 people. Nonreported violent crime in 2022 exceeded the 2015-19 average.
Loss Prevention Research Council Weekly Series - Episode 183 - Interview Insights from Michael Lamb
With Dr. Read Hayes and Tony D'Onofrio
An interview with Michael Lamb, former Loss Prevention Vice President at Home Depot, Walmart, and Kroger. What will Mike focus on next?
Loss Prevention Research Council Weekly Series - Episode 182 - The Game Changer Technology of Retail RFID
With Dr. Read Hayes, Tony D'Onofrio, and Tom Meehan
61% of retailers plan to implement RFID in their stores by 2026. Companies that are using RFID in their retail operations averaged profit growth that was 57% higher than those which did not. For 2024, the same companies are expecting profitability to be 88% higher than those not already using RFID.
Loss Prevention Research Council Weekly Series - Episode 181 - Who is stealing at self-checkout?
With Dr. Read Hayes, Tony D'Onofrio, and Tom Meehan
One study of retailers in the United States, UK, and other European countries found that companies with self-checkout lanes and apps had a loss rate of about 4%, more than double the industry average. 15% of self-checkout users confess to purposely stealing. While 60% of those who have stolen felt remorseful and 33% say they’ve been caught, 44% say they’ll likely do it again. 31% of Gen Zers and 21% of millennials have purposely taken an item without scanning it.
Loss Prevention Research Council Weekly Series - Episode 179 - Inside Organized Retail Crime Rings
With Dr. Read Hayes, Tony D'Onofrio, and Tom Meehan
We’re talking about operations that have fleets of trucks, 18-wheelers that have palletized loads of stolen goods, that have cleaning crews that actually clean the goods to make them look brand new. “The financial impact is real, but way more important is the human impact, the impact it has to our associates, the impact it has to our guests,” Ulta CEO Dave Kimbell told CNBC in a rare sit-down interview.
Loss Prevention Research Council Weekly Series - Episode 178 - Apple Next Big Thing, Branding, INTEGRATE, and AI Biases
With Dr. Read Hayes, Tony D'Onofrio, and Tom Meehan
Loss Prevention Research Council Weekly Series - Episode 177 - Latest UK Retail Crime Data, Gen Z Trends, and Best Places to Retire
With Dr. Read Hayes, Tony D'Onofrio, and Tom Meehan
Latest UK crime survey shows a massive increase in violence and abuse, reaching the levels experienced during the pandemic at nearly half a million incidents a year. It also shows a massive increase in customer theft, doubling to just shy of £2 billion; a lack of confidence in the police response, with 60% rating it as poor or very poor; and a continuation of the rise in cyber crime. Less than half (47%) of Gen Z Americans are thriving in their lives. Best places to retire in the world.
Loss Prevention Research Council Weekly Series - Episode 176 - Top Retail Technologies 2024 and Fun Valentine Facts
With Dr. Read Hayes, Tony D'Onofrio, and Tom Meehan
Forecasted sales growth by retail channel in 2024 is 5.1% for physical stores and 7.1% for e-commerce. IT spend at the enterprise level is expected to rise 4.9% and for stores at 4.3%. The top 5 areas where retailers are implementing artificial intelligence are....Compared to 2022, the data indicates that returns were up 15% for Cyber Week 2023, nearly doubling the pace of recorded sales growth. A Roman fertility festival was the precursor to Valentine’s Day.
Loss Prevention Research Council Weekly Series - Episode 175 - Deloitte Retail Predictions 2024 and Six Questions to Ask Mid-Career
With Dr. Read Hayes, Tony D'Onofrio, and Tom Meehan
Deloitte’s baseline forecast anticipates continued growth in consumer spending at a rate slightly below GDP growth due to falling inflation, low unemployment, and increasing productivity growth. Six technologies for 2024. Technology will play a key role for both retail and restaurants in 2024, with 100% of retail and restaurant owners surveyed stating that automation and technology have improved their businesses. 6 Questions to Ask Midpoint in your Career.
Loss Prevention Research Council Weekly Series - Episode 174 - USA 2023 Crime Rates and Consumer AI Trends
With Dr. Read Hayes, Tony D'Onofrio, and Tom Meehan
Most violent offenses remained elevated in 2023 compared to 2019, the year prior to the outbreak of COVID and the widespread social unrest of 2020. There were 18% more homicides in the study cities in 2023 than in 2019, and carjacking has spiked by 93% during that period. Shoplifting jumped upward by 22% from 2022 to 2023. 41% of U.S. shoppers are aware of retailers using AI in their buying journeys. Top Ten Countries Leading the AI Race.
Loss Prevention Research Council 172 - Retail Returns Totals, Holiday Retail Violence, and USA Store Closures
With Dr. Read Hayes, Tony D'Onofrio, and Tom Meehan
Total returns for the retail industry amounted to $743 billion in merchandise in 2023. The total amount of dollars lost to returns abuse and fraud in 2023 is $101 billion. During USA Holiday Season there were 28 retail fatalities which were up 87% and 25 Organized Retail Crime Cases which were up 67%. In 2023 there was an 80% surge in store closures.
Loss Prevention Research Council Weekly Series - Episode 171 - The Meaning of 2024 and Why it Will be a Great Year
With Dr. Read Hayes, Tony D'Onofrio, and Tom Meehan
In 2024, the top 5 New Year resolutions for Americans are Saving Money, Be Happy, Exercise More, Improve Physical Health, and Eat Healthier. Your future, including what is in front of you, has not been written. Maybe setting New Year resolutions is a good place to start. Always remember that you are in control of your destiny and can craft the life you always dreamed about.
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It is a Small World
"To succeed in life, you need three things: a wishbone, a backbone and a funnybone." – Reba McEntire
Continuing our global journey to learn something new, our next stop is the Trevi Fountain in Rome. The name "Trevi" comes from the Italian words tre, meaning "three", and vie, meaning "roads". The fountain is located where three roads meet.
A fountain has been located at the Trevi Fountain site for over 2,000 years. The current fountain was designed by Nicola Salvi and built between 1732 and 1762. It's the largest Baroque fountain in Rome.
The Trevi Fountain's water comes from the Acqua Virgo aqueduct, the only functioning aqueduct from ancient Rome. Local lore says that throwing a coin into the fountain will ensure you return to Rome. Other lore says that throwing two coins will lead to love, and throwing three coins will lead to marriage.
Wishes aside, since 2006, a Roman Catholic charity called Caritas has collected the roughly €3,000 a day thrown into the fountain and used it to provide food and social programs worldwide.
Life is one sweet ride. Time flies way too fast. Take a moment. Sit at your favorite place. Imagine the history before you. Live each moment as it was your last. One day, it will be.
Categories
Brilliant Research
Unlocking Shopper Reactions to Secured Products
60% of shoppers report seeing locked-up merchandise on a regular basis. More than a quarter of shoppers say a retailer loses their purchase when items are locked up. 62% of shoppers say they typically wait for assistance when they encounter locked up merchandise, and 9% say they order the item online from that same retailer. - From Numerator.com Read more
Smart Infographic
Retail Media: An Evolving Growth Opportunity that Won't Wait
Retail media is still surging. Ad spending with US retailers is growing 9X faster than traditional point-of-sale shopper marketing. - From Bain & Company
Insightful Videos
Why EV Leases Are So Cheap Right Now In The U.S. -CNBC
Automakers are offering steep discounts on electric vehicles, and especially on leases. In the first three months of 2024, less than a quarter of car buyers leased vehicles, but more than a third of EV buyers did. Read more
