Sunday, September 27, 2015

Retail Fraud & Details From Joseph Piacentile

By Bob Oliver


Across multiple stores, there exists the possibility that merchandise can be stolen. This is the basis of retail fraud, and it's easy to see why it has the attention of Joseph Piacentile and other such authorities. It's a criminal problem, to say the least, and it's one that requires the utmost degree of help. For those who are curious to know what, exactly, this form of fraud is all about, the following details should offer you a collective learning experience.

Retail fraud - which is also known as "shoplifting" - is when merchandise leaves the premises, no payment being made beforehand. This is common for a number of items, though it seems like this is prominent with household and electronic products alike. One of the reasons why this occurs is due to a lack of substantial security. When there aren't enough parties ensuring that products are kept safe, it's easy to imagine that problems can arise.

What happens as a result of retail fraud, you may wonder? According to Joseph Piacentile, workers tend to feel the impact the most. Some of them have their hours cut, resulting in less money being made. Others might have to take pay cuts, in order to make up for the costs of merchandise being taken without payment. What this means is that a greater level of security is required, which is what I'd like to discuss next.

One of the ways to prevent retail fraud is to be aware of any suspicious activity. If you see a customer looking around the store, all the while making their way toward the exit, you should feel comfortable approaching them in the calmest way possible. If this cannot be done, though, retailers should make it a point to hire more effective security guards, so that unpaid merchandise runs a lesser risk of being taken off the premises. These methods are worth noting, and names like Joe Piacentile can agree.

Fraud is a serious case in any situation, and the fact that it can hit various retailers must be noted as well. Even though something like this can impact the growth of business, it's not like solutions are nonexistent. One of the ways to get around this potential issue is by carrying out as much research as possible. In addition, workers and company owners should be aware of any suspicious activity. When these actions are carried out, retail fraud stands a lesser chance of occurring.




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