Tony D'Onofrio
Tony as Co-Host/Guest
Loss Prevention Research Council Weekly Series Episode 140 - USA Retail Crime Trends and Shopping While Drunk
ICSC Summit for Organized and Violent Crime. AI in retail including text to video and generative video AI, and USA banking issues. Major retailers such as Macy's, Target, and TJX report higher shrink in WSJ article. New York City Mayor Eric Adams said some store customers who wear masks are more likely trying not to get caught shoplifting than stopping the spread of COVID. USA consumers spent $14 billion while drunk.
Loss Prevention Research Council Weekly Series Episode 139 - The Top 250 Global Retailers, Amazon No-Go, and Retail Fatalities 2022
With Dr. Read Hayes, Tony D'Onofrio, and Tom Meehan
Predictions from Chief Economist of Deloitte Global on what to expect in 2023. The top 10 retailers represent 34% of the total revenue of all top 250 global retailers. Apparel was fastest growing sector with highest profit margin at 9.8%. Amazon closing 8 Amazon Go stores. For 2022, retail violence incidents were up 17% and alarmingly fatalities were also up 17%. Parking lots at 53% had the highest fatalities.
Loss Prevention Research Council Weekly Series Episode 138 - USA Economic Signals and Growth of RFID
With Dr. Read Hayes, Tony D'Onofrio, and Tom Meehan
Quantum computing breakthrough, ChatGPT in Bing gets a little crazy on Valentine’s Day. More Chinese spy balloons. Walmart & Home Depot results forecast USA economy. In 2022, the problem of inventory distortion worldwide totaled an astounding $1.993 trillion. Retailers already using RFID in 2022, 83% had higher sales growth and 80% had higher profits.
Loss Prevention Research Council Weekly Series Episode 137 - Valentine fun facts and New ATF Gun Crime Report
With Dr. Read Hayes, Tony D'Onofrio, and Tom Meehan
More unidentified objects shot down over US and Canada. US government was tracking ballon from take off, and train derailments. Thank Henry VIII for Valentine holiday. 67% of Americans said they plan to spend either the same or more in 2023 as they did last year on retail purchases. More than 1 million guns were stolen from private owners from 2017 to 2021. Number of suspected ghost guns recovered by law enforcement agencies & sent to ATF for tracing increased by 1,083% from 2017 to 2021.
Loss Prevention Research Council Weekly Series Episode 136 - Amazon halts Fresh Stores and US Secret Service Mass Attacks Research
With Dr. Read Hayes, Tony D'Onofrio, and Tom Meehan
Amazon currently has 44 Amazon Fresh locations and 28 Amazon Go stores in the U.S. The company also took a $720 million impairment charge in the fourth quarter related to property, equipment, and operating leases at its physical stores. The common places for mass attacks were businesses, including restaurants and retail. 96% of the attackers in the study were male. 72% of the attackers experienced a financial stressor some time before the attack.
Loss Prevention Research Council Weekly Series Episode 135 - Perspectives from the National Retail Federation
With Dr. Read Hayes, Tony D'Onofrio, Tom Meehan, and Guest David Johnston, NRF VP of Asset Protection and Retail Operations
David answers questions about NRF priorities, 2023 LP predictions, Big Show takeaways, NRF LP Council, value of industry groups, retail violence trends, and the increased importance of retail loss prevention.
Loss Prevention Research Council Weekly Series Episode 134 - NRF 2023 Review: Two Big Hits and Two Misses
With Dr. Read Hayes, Tony D'Onofrio, and Tom Meehan
The top 5 technologies for 2023. In “2023, AI shifts from singles and doubles to home runs. The buzzwords that abounded at NRF 2023 include of course AI, plus lots of variations of everything being smarter, more intelligent, connected, and moving to real time. Eight in 10 retailers surveyed report that the violence and aggression associated with ORC incidents.
Loss Prevention Research Council Weekly Series Episode 133 - Retail, Economic, and Technology Predictions for 2023
With Dr. Read Hayes, Tony D'Onofrio, and Tom Meehan
Energy will remain expensive. Value will trump hypergrowth. The crypto winter will continue. More retail brands will launch recycling programs. More manufacturing will shift away from China. Frictionless trends in retail will accelerate. Investments in the metaverse would be best described as a hard maybe. Retailers have been sounding the alarm on theft for years; 2023 could generate a collective response on the federal and state level.
Loss Prevention Research Council Weekly Series Episode 132 - Top 5 Strategies and Top 3 Technologies for 2023
With Dr. Read Hayes, Tony D'Onofrio, and Tom Meehan
The 2023 Top 5 Strategies and Top 3 Retail Technologies for Retail Success
Loss Prevention Research Council Weekly Series Episode 131 - Retail Crimes, Rising Returns, and Cost of the 12 days of Christmas
With Dr. Read Hayes, Tony D'Onofrio, and Tom Meehan
As Walmart CEO warns of crime’s wave impact on retail, reports show how thieves brazenly rip off stores. San Francisco police secretly stake out retail stores, pharmacies to curb rampant shoplifting. 2022 Retail Returns Rate Remains Flat at $816 Billion. What the 12 Day of Christmas will cost you with 2022’s inflation.
Loss Prevention Research Council Weekly Series Episode 130 - CVS Adam Oberdick Interview and Holiday Cyberattacks
With Dr. Read Hayes, Tony D'Onofrio, and Tom Meehan
Adam Oberdick, the Lead Director of Future Operations at CVS Health answers questions about innovation projects at CVS, getting major projects approved, successful traits for LP career, key priority technologies, and why LPRC and other industry group are critical to his success.
Loss Prevention Research Council Weekly Series Episode 129 - Reimagining the Future of Retail and What Retail Employees Want
With Dr. Read Hayes, Tony D'Onofrio, and Tom Meehan
Reimagining the Future of Retail. UK consumer spending fails to keep up with Inflation. Voices from the Front Line or what Retail Employees Want.
Loss Prevention Research Council Weekly Series Episode 128 - Black Friday Record Turnout and Chatbots for Retail Loneliness
With Dr. Read Hayes, Tony D'Onofrio, and Tom Meehan
Shopper turnout hit record high over Black Friday weekend, retail group says. Haute-Comfort: Consumers Choose Comfort Over Style Says New Research. What does the future of shopping with artificial intelligence look like? Supermarkets roll out chat friendly tills to battle COVID loneliness.
Loss Prevention Research Council Weekly Series - Episode 127 - Zebra Consumer Study and Thanksgiving Fun Facts
With Dr. Read Hayes, Tony D'Onofrio, and Tom Meehan
Shoppers continue choosing online or in-store for the same reasons – availability, selection, and price. They prefer retailers with easy returns (80%), allow them to get in and out of stores quickly (76%), and offer order delivery to home (75%). They are also taking advantage of alternative pickup and delivery options with 34% of shoppers opting to buy online, pick up in store or buy in store and ship to home and with 90% saying they will continue to use these services. Fun Thanksgiving Facts
Loss Prevention Research Council Weekly Series - Episode 126 - Economic, Major Risks, Consumer and Retailer Challenges for 2023
With Dr. Read Hayes, Tony D'Onofrio, and Tom Meehan
IMF now forecasts global GDP growth to slow dramatically from the 6% in 2021 to 3.2% in 2022 and an even lower 2.7% in 2023. Global inflation is forecast to rise from 4.7% in 2021 to 8.8% in 2022, 6.5% in 2023 and 4.1% in 2024. The 10 highest global risk scenarios published by the Economist Intelligence Unit. 40% of consumers believing inflation will impact their holiday shopping decisions. 43% of retailers think consumers are buying less overall, yet only 29% of consumers admit that this is the case.
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It is a Small World
“Live as if you were to die tomorrow. Learn as if you were to live forever.” – Mahatma Gandhi
Continuing our global journey to learn something new, our next stop is the Taj Mahal in India. This UNESCO World Heritage building was actually a mausoleum commissioned in 1632 by Mughal emperor Shah Jahan to house the remains of his late wife Mumtaz Mahal.
Indian, Persian, and Islamic architecture influenced the construction. Its white marble façade, which seems to change color according to the time of day, is a masterpiece symbol of love.
Constructions took 20 years and involved 20,000 workers, and the mausoleum houses both the emperor and his wife. 1000 elephants were used to haul the construction material to Agra, where it is located.
Inside the Taj Mahal, you will find beautiful flowers such as tulips, lilies, irises, poppies, and narcissus inlaid into the walls with 28 different types of precious and colorful stones. The cost of this perfectly symmetrical building in today’s dollars would be $1 billion.
Of all my travels around the world, this visit to the Taj carries special memories. After important customer meetings in New Delhi with retailers, the local team organized a trip to this unique location. The visit coincided with my birthday, and the hotel recognized this as I was checking out. While I was getting into the private transportation to visit the Taj Mahal, two hotel employees rushed out and handed me a dozen roses and a bottle of champagne. Every year for a long time, this same hotel also sent me birthday wishes. I wish I had kept the hotel’s name as I would mention them in this article.
Life is a great adventure if you do indeed live like you are dying tomorrow and learn something new continuously as if you were going to live forever. It’s one small beautiful world of potential ideas to explore to their next level starting now.
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Brilliant Research
Deloitte Tech Trends 2023
Deloitte’s 14th annual Tech Trends report explores the impact of emerging technologies on groundbreaking innovations and foundational business areas. Stories of pioneering organizations show what’s happening now, describe what’s new, and project what could be coming next. - From Deloitte Insights Read more
Smart Infographic
The World's Largest Data Breaches
Data loss and data breaches seem to be cropping up everywhere. It’s time to be vigilant and double down on our cybersecurity efforts. Learn more about how and where the world’s largest data breaches are happening in the following infographic. - From Infographic Journal
Insightful Videos
The SVB Collapse Fallout: Stock Selloffs, Inflation Challenges and More | WSJ
Silicon Valley Bank’s swift collapse prompted regulators to implement a series of emergency measures to stem the fallout and shore up wavering confidence in the banking system. Read more
