The ability to assess patterns in data, measure loss prevention programs, and make decisions in real time is fundamental in solving complex issues related to customers, sales, and loss.
About the Author
Articles by David Speights, Ph.D., Daniel Downs, Ph.D., and Adi Raz, DBA
“Why do the iPads in the display area of the store continue to get stolen?” LP pros can conduct experiments to find out.
According to the 2016 National Retail Security Survey, US businesses lost around $45.2 billion in 2015 to retail theft, more than 1.38 percent of overall sales, making retail theft one of the leading issues facing retailers today.
Shoplifting and ORC Fraud Rings
According to the National Association of Shoplifting Prevention (2006), more
Last month, the first book on analytics for loss prevention was released, Essentials of Modeling and Analytics: Retail Risk Management and Asset Protection. The book explores the relationship between criminology theory, analytics and loss prevention. In a series of articles for LP Magazine, the authors will highlight a few thought-provoking