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
About the Author
Articles by Kelsey Seidler
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
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
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
Blogs, message boards, and social networks like Facebook and Twitter are popular because of their wide reach and ease of use. Just about anyone, regardless of age, location, or expertise, can share news and information on social media.
Social media monitoring (also known as social media listening) is the act of
Although anecdotal evidence among retailers seemed to indicate that shoplifting incidents have been increasing significantly in recent years, hard data was needed. What’s the real rate of shoplifting and external theft these days? How are retailers catching shoplifters and/or using policies to manage these incidents? A trio of industry pros