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BEST NEWCOMER New Zealand for 2025 Veesion Ai plugin for existing CCTV security system identifies theft as it happens. Sends instant Alerts with video clips to the store teams. Anonymous Ai overlay. No facial recognition. SYDNEY, Australia, Friday 7th 2025: Veesion is honoured to be named as the winner of the RETAIL RISK BEST NEWCOMER AWARD for New Zealand 2025. This is the second Retail…

Theft poses a significant threat to stores, not just by eroding the trust between store owners and their customers, but also by negatively impacting the store’s financial performance. To measure the extent and impact of theft, we include it in the store’s shrinkage calculations. This approach helps assess the discrepancy between the store’s theoretical inventory and its actual stock. What is…

As a quick reminder, shrinkage is the term used in the retail sector to describe the loss of goods. The shrinkage rate measures the difference between the sales turnover a retail business should have made and what was actually made. This rate can be calculated using the following formula: (total cost of losses / sales turnover achieved) x 100. What causes loss of goods? Experts consider…