Shop Talk

Retailers, consumers and prices

Jun 15, 2009 17:36 EDT

Security cameras can “see” a lot more these days…

Photo

Sweethearting (v.) the act of a store employee giving a friend or family member free merchandise by pretending to scan items at the register or by ignoring items in shopping carts.

It is one of the oldest tricks in the book and a big problem for retailers. So big, in fact, that some estimates suggest that “sweethearting” and other types of employee theft account for almost half of all annual retail theft, or $19.5 billion out of $41.6 billion overall.

Massachusetts-based StopLift Inc. says the answer is just waiting to be liberated from all of the security camera tape that retailers typically don’t monitor until something goes really, really wrong.

We’ve all seen the video of outrageous things that can happen in grocery stores, convenience shops, and retail outlets, but the reality is that watching the security feeds from cameras mounted above every register is time-consuming — so most of that video information goes unused.

StopLift’s computer software analyzes camera feeds by reading certain body motions and other signs that tip off sweethearting. From there, it’s up to managers to decide whether training or  termination is the right response.

You can see actual “sweethearting” caught by the software on StopLift’s homepage, here.

StopLift said its clients include Big Y and Safeway grocery stores.

Dec 16, 2008 08:39 EST

Downturn triggers “survival panic.” How are you reacting?

Photo

Shoplifting, drug use, depression, anxiety and even violence.

These could rise in frequency in the coming months, according to mental health experts, as the U.S. recession leaves consumers confronting a harsh new economic reality — and the prospect of living within diminished means. 

“People start seeing their economic situation change, and it stimulates a sort of survival panic,” said Gaetano Vaccaro, deputy clinical director of Moonview Sanctuary, which treats patients for emotional and behavioral disorders. 

“When we are in a survival panic, we are prone to really extreme behaviors,” he said.

The recession has come as a rude awakening for a generation of shoppers who grew up on easy access to credit and have never had to limit purchases to simply what they needed or could afford. Instead, buying and consuming have become part of the national culture, with many people using what is in their shopping bags to express their own identity, from the latest gadgets to designer handbags. 

For those who need to abruptly curtail spending it can lead to anxiety or depression as shopping can no longer be used as a stress reliever. It could also lead to a rise in shoplifting or violent behavior as consumers act out, mental health experts said.

COMMENT

What you really mean is that people will AGAIN refuse to take any responsibility for their own actions, blame it on something or someone else, and act out just because of their own lack of self control.
Tell me one more time that all of our problems are because of the economy ?!
No – it’s consumer’s lack of self control, lack of patience, and lack of willingness to wait until they can afford what they want to buy!

http://www.livetv.pk

Posted by imran14826 | Report as abusive
  •