NRF Forms Food Industry Loss Prevention Advisory Council

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NRF Forms Food Industry Loss Prevention Advisory Council

09/10/2004
WASHINGTON, D.C. -- The National Retail Federation (NRF) has formed the NRF Food Industry Loss Prevention Advisory Council in an effort to meet the needs of loss prevention executives and their teams in the convenience and grocery sectors of the retail industry.

Chaired by Daniel Faketty, vice president of loss prevention for food market chain Harris Teeter, the council will work closely with the NRF Investigator's Network and the NRF-FBI Retail Intelligence Network to communicate and network information on the various types of theft impacting retailers.

"While loss prevention is nothing new to the retail industry, the increase in organized crime has hit the industry particularly hard, especially the food industry," said Tracy Mullin, NRF's president and CEO.

The NRF Food Industry Loss Prevention Council will meet three to four times a year. Currently one of the council's projects is working toward the development of a national database that will allow retailers to report and share data related to various acts of retail crime, with a focus on organized retail theft activity, which has risen in recent months.

Some of the companies participating in the council include Harris Teeter, K-Mart, Smart and Final, Raley's, Thrifty Foods, Winn Dixie and others.