The Retail Buzz

• This year, most malls will begin decorating for the holidays on November 1
  

• The percentage of malls that are decorating for holidays other than Christmas: 9 percent


• The holiday song played most frequently last year was "Jingle Bells"


• The second-most frequently played song was "White Christmas"


• The average number, per mall, of full-time seasonal employees hired by management in 1999: 1


• The average number, per mall, of part-time seasonal employees hired by management in 1999: 4


• The percentage of malls that will advertise for the 2000 holiday season on the Internet: 47 percent


• The percentage of malls that will advertise for the 2000 holiday season in print ads: 84 percent

Inventory loss...

Statistics provided by The Retailers' Association indicate an annual inventory loss of over $37 billion nationwide for theft from employees, shoplifting, vendor fraud and administrative errors.

The National Retail Security Survey discovered that nearly half of all losses can be attributed to employee theft, adding up to billions of dollars annually.

According to the Vice President of Loss Prevention for the National Retail Federation based in Washington, DC, Joseph LaRocca, it's estimated that only about one out of every eight or nine cases of scams and fraud are reported to the state's consumer protection office

Free business analysis for retailers to learn how to improve security. Call 866-617-8183 or send email.

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