The Retail Industry Leaders Association (RILA) continued the 2014 Retail Asset Protection Conference with a full day of educational sessions and meaningful networking.
To open the second day of the three-day conference, master’s degree candidates from the University Of Texas McCombs School Of Business presented their findings from a research project examining the return on investment of common asset protection strategies, remote monitoring and point-of-sale exception reports, sharing insight on how asset protection leaders can focus their efforts to deliver results.
The morning continued with breakout sessions addressing a broad range of topics including the impact of recent OSHA developments on the retail industry, the role of merchandising in shrink mitigation, new methods for conducting refund fraud investigations, and the latest advancements in video analytics in asset protection strategies.
The morning sessions were followed by a panel discussion titled, “Asset Protection Strategies for Today & Tomorrow,” that featured the top asset protection executives from AutoZone, 7-Eleven, Rite Aid and Bloomingdales discussing their perspective on the state of the industry, key challenges and emerging opportunities to enhance performance in the retail sector.
“The retail landscape is shifting and we want to make sure all facets of the industry are prepared for these changes,” said Lisa LaBruno, senior vice president of retail operations at RILA. “The conference provides an opportunity for the asset protection community to get engaged, to get educated and to get working on solutions to the next generation of challenges.”
Breakout sessions continued throughout the afternoon where attendees had the option to take in a variety of sessions. Highlights included “The Emerging Legal Landscape: What Every AP Executive Should Know to Mitigate Risk”, which shared lessons learned from security-related litigation ; “Google Glass, Big Data, The Cloud: A Primer on Technology Trends & Their Implications,” which introduced asset protection professionals to emerging technologies and the impact they can have on the retail industry approach to asset protection; and “A Revolutionary Approach to Safety Awareness Training: Brain Science and Gamification,”which showcased how The Pep Boys’ is utilizing arcade games, social elements and leaderboards to create a safety-centric culture .
RILA is the trade association of the world’s largest and most innovative retail companies. RILA members include more than 200 retailers, product manufacturers, and service suppliers, which together account for more than $1.5 trillion in annual sales, millions of American jobs and more than 100,000 stores, manufacturing facilities and distribution centers domestically and abroad.