According to recent research, the use of cash is declining in popularity among consumers. Retailers may have noticed fewer customers using cash in stores. But that doesn’t mean the challenges of protecting cash have gone away for loss prevention and asset protection professionals. Instead, cash management techniques are evolving alongside
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Articles by Kelsey Seidler
Retailers have generally accepted the necessity for data and analytics in their organizations. Using loss prevention analytics the right way can boost profits and reduce losses. However, the constant deluge of information sometimes makes it difficult to identify which loss prevention analytics are important and actionable and which can be
The loss prevention department and the information technology department used to handle separate functions of the retail environment. Increasingly, however, loss prevention duties require a strong relationship with (and even a dependence on) the technology department. As retail security solutions evolve to become more sophisticated, LP and AP must find
Today’s supply-chain security program networks are a far cry from the basic lock-and-key operations of the past. Readily available technological tools and business intelligence data can help support organizations as they fortify their networks. In order to thrive, however, teams must look to integrate and align these enhancements.
Loss prevention and retail industry professionals have a responsibility to stay informed about the latest retail theft statistics. This article provides a snapshot of what retailers currently face when it comes to loss and theft.
Inventory shrinkage refers to the difference between the merchandise a retailer shows in its records
As one of the largest multinational retail corporations in the United States, Walmart’s AP business needs and priorities can be complex and numerous. But Mike Lamb, LPC, vice president of asset protection and safety at Walmart US, knows that the best approach to managing asset protection at Walmart had to
Scott Glenn, JD, LPC, currently serves as the chief security officer for Sears Holdings, where he manages asset and profit protection, safety, business continuity, and crisis response. He is active in the industry as part of the Loss Prevention Foundation, LP Magazine’s editorial board, and the Retail Industry Leaders Association
Despite the introduction of more secure chip technology (also known as Europay, Mastercard, and Visa, or EMV technology), credit card fraud remains a concern for retailers and consumers everywhere. The latest data reveal that criminals aren’t giving up on card theft; they are just changing their tactics. This article provides
Loss prevention—also known as asset protection—is an ever-broadening, ever-growing field that has a lot to offer an entry-level job seeker. According to the Loss Prevention Foundation, the industry’s “wide spectrum of career options and tremendous potential for professional growth” make the job a rare find in today’s labor market. And
Video surveillance systems have come a long way since their introduction into the retail space many years ago. Yet some retailers and loss prevention teams are failing to take advantage of the latest innovations offered by today’s advanced cameras and surveillance tools. Some personnel may remain unsure about new technologies