Jessops adopts IntelliQ loss prevention tools to beat shrinkage

London, 13th June 2006 – UK specialist photographic retailer, Jessops, is focusing on shrinkage in its stores by implementing IntelliQ’s market leading automated loss prevention system in all of its 288 outlets and direct sales

Jessops will adopt IntelliQ’s RetailKey Loss Prevention (RetailKey LP) software to monitor sales transactions, identify irregular or unusual patterns of activity, or anomalies, and to establish if losses are due either to, fraud, wastage or procedural errors.

Jim Graham, head of security and auditing for Jessops, says, “Using RetailKey LP, we will be able to draw information from all areas of EPOS and analyse both visual and text data to judge the appropriate course of action, be it further investigation, staff training or the creation of new processes.”

Jessops accepts that its losses are in line with the retail industry average, but lacked any mechanism for determining the exact size and cause of these losses. The company also recognised that many of its products are vulnerable to theft because they are small, yet of high value and extremely desirable.

Graham adds, “We believe that while we will get immediate benefits, for example in terms of identifying fraudulent credit cards refunds, over time RetailKey LP will have a deterrent effect and also enable us to recognise problems and rectify them much more quickly.”

Jessops took up references and visited two of IntelliQ’s existing users, Bhs and Lloyds Pharmacy. Simon Grant, CEO of IntelliQ says, “Thanks to our extensive retail experience we were confident that our RetailKey LP solution would provide the results Jessops were looking for and would deliver a fast return on their investment

About Jessops

Jessops is the UK’s number one specialist photographic retailer with over 280 stores nationally. It also operates via the internet and through mail order, telesales, and its business to business and wholesale operations.

Jessops sells a comprehensive range of digital and analogue cameras, digital and analogue camcorders, binoculars, digital home print solutions, memory cards, film and photographic materials, as well as an extensive range of accessories for the photographic market including “Jessops” own brand products. Jessops provides developing and printing and digital imaging services in-store, via the internet and by mail order.

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