As Fremantle’s Chamber CEO I get asked to sit on many steering committees one that I have been on this week I thought I would share with you all.
The Retail Theft forum is a group of senior Police officers that meet with Shopping centre security managers and large brand security mangers (David Jones, Woolworth, Coles etc ) to debate issue that are currently causing problems for retailers.
This week I was surprised to hear about a new way criminals are defrauding our retailers, they are creating dummy bar codes using an App on a computer and then overlaying the bar code of the existing codes. They purchase the goods at vastly reduced prices and are then underselling shops they steal from via Ebay and Gumtree. So any of you retailers that are using bar code technology please be aware that this activity is happening and tell your shop assistants to look out for unusual transactions at the till.
Apparently there is also a large amount of counterfeit $50.00 notes in circulation at the moment. I asked what the quality was like and the Police stated that some of the counterfeit notes were good and some very average and easily detectable so again just inform everyone to be on the lookout and be aware.
The Retail Theft forum meets every month and I intend to keep you updated with the latest trends.