Tech Solutions: To Tag a Thief

Grocery Headquarters 10-17

No one wants to sit in a back room watching surveillance videos of the checkout to see if anyone is stealing.  And most stores don’t want to pay someone to do it.  Security people are looking for thieves in the aisles.  Malay Kundu, founder of StopLift Checkout Vision Systems, has technology that detects unscanned items at the checkout, where most of the shrink occurs.

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Retail security – video surveillance tackles the insider threat

Sadly for retailers, whatever their size, it is not just people coming into store intent on shoplifting or trying to sneak items through at the checkout that are causing costly shrinkage. In fact, some estimates suggest that nearly 40 percent of retail crime, by value, can be attributed to the workers themselves as they employ their insider knowledge to steal ever more lucrative items and even, in some cases, to collude with outside elements.

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Talkin’ Turkey

The holidays are upon us which means fun, food, and shopping. A big item to buy at the supermarket is turkeys and a growing trend involves not buying them at all.

Sweethearting” is when a cashier sneaks a turkey through the checkout for a shopper without actually scanning the item.

StopLift is a company implementing new technology to stop this illegal activity.

Tara Jankway chatted with founder Malay Kundu about StopLift’s strategy to save the turkeys.

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