Tony D'Onofrio
Tony as Co-Host/Guest
Loss Prevention Research Council Weekly Series - Episode 159 - Featuring Special Guest Tom Arigi
With Dr. Read Hayes, Tony D'Onofrio, Tom Meehan, and Tom Arigi
Loss Prevention Research Council Weekly Series - Episode 157 - UK Theft Trends and USA LP Tech Usage
With Dr. Read Hayes, Tony D'Onofrio, and Tom Meehan
Incidents of theft have increased by 26% across 10 of the largest cities in the UK, with some cities seeing a rise of as much as 68%. USA low-end malls are worth at least 50% and in some cases more than 70% less than they were when mall valuations peaked in late 2016. For retailers and loss-prevention experts, the primary goal of these technologies isn’t necessarily to catch thieves in the act, but rather to make committing their crimes less appealing — turning them away before they ever reach the door.
Loss Prevention Research Council Weekly Series - Episode 156 - USA Retail Performance and World Most Valuable Brands
With Dr. Read Hayes, Tony D'Onofrio, and Tom Meehan
With inflation factored in, only three sectors had positive growth: drug stores up 3.6%, restaurants up 4.4% and online non-store retail which was up 3.9%. Amazon most valuable global brand in 2023 according to Brand Finance. In the year 2075, the number 1 economy is expected to be China, followed by India, and USA drops to third place. Twitter rival Threads loses 75% traffic 15 days after launch.
Loss Prevention Research Council Weekly Series - Episode 155 - Back-to-School and Accelerated Digital Transformation
With Dr. Read Hayes, Tony D'Onofrio, and Tom Meehan
USA families with students in kindergarten through 12th grade will spend 10% less on back-to-schoolitems. Spending for the season will reach $31.2 billion. Digitally mature companies are 23% more profitable than their less mature peers. The success rate of digital transformation is below 30%. Through mobile devices, by 2030, 64% of the global population will have access to the Internet. The 4th megatrend transitioning retail to be announced soon.
Loss Prevention Research Council Weekly Series - Episode 154 - Crime Trends, More Self-Checkout Challenges, and Threads
With Dr. Read Hayes, Tony D'Onofrio, and Tom Meehan
When does crime prevention turn into sales prevention? Self-checkout theft causing problems for Canada's retailers and shoppers who despise receipt checks. Threads Shoots Past One Million User Mark at Lightning Speed.
Loss Prevention Research Council Weekly Series - Episode 153 - More Retail Crime, Amazon Go Closings, and AI
With Dr. Read Hayes, Tony D'Onofrio, and Tom Meehan
Costco cracks down on sharing membership cards. Police recover $7 million worth of Nike sneakers in Torrance shoe bust. Amazon Go stores closures continue. Wharton Consortium for Operational Excellence in Retail. Consumer confidence jumps in June. What will artificial intelligence do for us in the future.
Loss Prevention Research Council Episode 152 - The AI Disruptive Future of Retail
With Dr. Read Hayes, Tony D'Onofrio, and Tom Meehan
This week, our hosts discuss growing issues in retail from lowered sales due to inflation, inventory distortion, shrink and violence on the rise, and the Amazon effect. Also this week, a new two-factor scam to be aware of as well as more current events!
Loss Prevention Research Council Weekly Series - Episode 151 - NRF Protect 2023 Review
With Dr. Read Hayes, Tony D'Onofrio, and Tom Meehan
Thank you NRF and David Johnston. Congrats to Ring of Excellence, Read Hayes, Joan Manson, Chad McIntosh, Chuck Miller, and Keith White. 75% of consumers extremely to very concerned if retailers raise prices to cover cost of theft. 36% have stopped shopping at certain stores due to safety concerns. 26% would shop elsewhere and if their local store puts items under lock and key.
Loss Prevention Research Council Weekly Series - Episode 150 - The $9.2 Trillion Retail Economic Impact from AI Through 2029
With Dr. Read Hayes, Tony D'Onofrio, and Tom Meehan
Dollar Tree is considering locking up product due to theft. Ulta Beauty Sales Grow 12.3%, Although Theft is a Serious Concern. Worldwide, IHL is forecasting that the overall economic impact worldwide in retail from AI through 2029 will be $9.2 trillion dollars. The impact of AI in the coming seven years will be even a more significant advantage to larger retailers. Four retail segments will benefit the most from AI investments.
Loss Prevention Research Council Weekly Series - Episode 149 - Retail Shrink Challenges, Retailers' Earnings 5 Takeaways, Apple Market Share
With Dr. Read Hayes, Tony D'Onofrio, and Tom Meehan
The three major challenges which from discussions with technology companies and retailers have been elevated as the highest USA priorities for loss prevention are active shooter, safety, and organized retail crime. Locking up merchandise to reduce shrink reduces revenue and increasingly drives consumers to alternate retail models. Five takeaways about the consumer from Walmart, other retailers after a big week of earnings. Apple in the Smartphone Market: Win Where it Matters.
Loss Prevention Research Council Weekly Series - Episode 148 - Latest Retail Shrink Survey, San Francisco Store Closures and State of USA Economy
With Dr. Read Hayes, Tony D'Onofrio, and Tom Meehan
81% reported an increase in retail shrink in 2022. Total apprehensions increased 45.6% and total recovery dollars from these apprehensions increased 70.5% in 2022. Shoplifter apprehensions and recovery dollars from those apprehensions increased significantly in 2022, up 50.9% and 90.5% respectively. Retail sales have fallen steeper in San Francisco than any other county in California. USA GDP growth slowed to a modest 1.1% annual rate from the average 3% in the previous two quarters.
Loss Prevention Research Council Weekly Series - Episode 147 - Top 5 USA 2023 Grocery Chains and Future of Jobs with AI
With Dr. Read Hayes, Tony D'Onofrio, and Tom Meehan
Top five USA grocery chains are Walmart, Amazon, Costco, Kroger, and Target. Due to crime, Giant Foods is now limiting self-checkout kiosks to 20 items per customer and closing at 10 PM in some stores. Around 40% of all working hours could be impacted by AI large language models such as ChatGPT-4. With AI 50% of organizations believe it will result in job growth and 25% think it will create job losses.
Loss Prevention Research Council Weekly Series - Episode 146 - ChatGPT, Retail Tech Priorities and Australia Retail Shrink
With Dr. Read Hayes, Tony D'Onofrio, and Tom Meehan
Within five days of its release to the public in November 2022, ChatGPT had amassed a user base of over a million people. The top 5 tech driven strategies for retailers for the next 18 months are improving network and IT security (28%), new payment tech / capabilities (27%), advanced analytic tools and capabilities (25%). The retail sector in Australia and New Zealand lost about $4.3 billion a year through theft, a 28 per cent increase on four years ago when the last study was done.
Loss Prevention Research Council Weekly Series - Episode 144 - Interview with Kroger's Kevin Larson
With Dr. Read Hayes, Tony D'Onofrio, and Tom Meehan
Kevin's perspective on his career, surprises, asset protection & its evolution, data analytics, his work at LPRC, working across boundaries, integration, and the future of loss prevention.
Loss Prevention Research Council Weekly Series - Episode 143 - Inflation, Retailer Returns, and More Shoplifting News
With Dr. Read Hayes, Tony D'Onofrio, and Tom Meehan
Due to inflation, the UK English Breakfast was up an astounding 22% in February. Worldwide retailer returns have grown from $643 billion in 2015 to an amazing $1.8 trillion in 2022. Women’s dresses purchased online have a return rate as high as 90%. For the United States, the top three products with highest inflation are eggs at over 55%, butter and margarine at nearly 27%, and airfare at 26.5%. Retailers are relying on loss prevention tech to curb shoplifting.
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It is a Small World
“Even monkeys can fall from their trees.” – Japanese Proverb
Continuing our global learning journey, our next stop is Tokyo Japan. Founded, in 1603, this city was once a small fishing village called Edo. In 1890, it became Tokyo which means Eastern Capital in English.
In Tokyo, you will find the world’s busiest intersection, the Shibuya crossing where 2,500 people cross the intersection, every time the lights turn green. This city also holds the record for the most Michelin starred restaurants at 212 places to enjoy amazing food.
Tokyo is the most populous city in the world with 37 million people. Uniqueness is everywhere, even in vending machines, where you can buy hot meals, fresh produce, and even umbrellas. There is one vending machine in the city for every two people.
Have lost count on the many times I visited Tokyo to experience their modern retail industry. This picture is from the New Otani Hotel gardens, a favorite during multiple visits.
As the Japanese proverb that opened this summary reminds us, no matter how accomplished we become, you can always make a mistake. Overconfidence can lead to missteps. Life is one sweet ride and Japan provides many reminders on how to enjoy it.
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Brilliant Research
World Happiness Report 2024
The top 10 countries have remained much the same since before COVID. Finland is still top, with Denmark now very close, and all five Nordic countries in the top 10. But in the next 10, there is more change, with the transition countries of Eastern Europe rising in happiness (especially Czechia, Lithuania and Slovenia). Partly for this reason the United States and Germany have fallen to 23 and 24 in the rankings. - A partnership of Gallup, the Oxford Wellbeing Research Centre, the UN Sustainable Development Solutions Network, and the WHR’s Editorial Board. Read more
Smart Infographic
ChatGPT Statistics - Users, Revenue (March 2024)
ChatGPT has over 180.5 million monthly users as of March 2024. Nearly 15% of the ChatGPT users are from the United States. More than 92% of Fortune 500 companies are using ChatGPT. atGPT is forecasted to generate a revenue of $1 billion in 2024. 53% of the readers failed to identify ChatGPT written content as AI-written. – From Demandsage.com
Insightful Videos
The World Ahead 2024: five stories to watch out for
From the biggest election year in history, to how to control AI and even taxis that fly, The Economist offers its annual look at the world ahead. Read more
