What is the secret to a winning loss prevention team culture? This is a pretty lofty question. Before you ask, I’m not about to say there is a magic recipe or secret sauce, but there are certainly LP cultures operating out there that are winning combinations—an alchemy or cocktail blend Read More
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Bill Turner, LPC, has been a reader and contributor to Loss Prevention magazine (now LP Magazine) since its inception in 2001. Now, as the publication celebrates its 15-year anniversary, Turner looks back at the publication’s past five years in a feature article in the January-February 2017 issue. This third and Read More
A.C. Moore opened its first arts and crafts store in 1985 in Moorestown, NJ. Today, the national retailer sells an assortment of merchandise in over 130 locations on the Eastern coast. With over 40,000 items offered at each store at any given time, A.C. Moore prides itself on its product Read More
EDITOR’S NOTE: David Shugan, CFI, is the senior director of loss prevention for Carter’s based in Atlanta. Prior to taking over the leadership role at Carter’s, he was manager of investigations at Cracker Barrel Old Country Store. Before that, he held LP management positions with Pacific Sunwear and Chernin’s Shoes. Read More
Loss prevention investigations are just one of the many specialized elements that are part of an accomplished loss prevention program. Each of these functions is vital to the success of the program, and the understanding and application of each component is an integral part of your professional development. It is Read More
Stacie Bearden is the director of asset protection, field for The Home Depot. In this role, she is responsible for the theft and fraud agenda for Home Depot loss prevention, including organized retail crime program and all asset protection capital and technology programs. In her fifteen years with the company, Read More
Results from the 25th annual National Retail Security Survey (NRSS) were recently released at the National Retail Federation’s (NRF) PROTECT Conference, which was held in Philadelphia in June.
“The impact of shrinkage on the retail industry continues to be sizeable. With an average shrink rate of 1.38 percent, this cost the overall US retail economy $45.2 billion in 2015. While the shrinkage percentage is identical to last year’s study, the dollar impact has increased due to the growth in retail sales. The good news is that the shrinkage percentage reported during the past two years is the lowest ever observed in the history of the NRSS.”In the column, Hollinger also divulges the latest information about loss prevention budgets and hiring patterns:
“LP budgets remain flat as a percentage of sales. Unfortunately, most retail executives are still not satisfied with the resources they are being given to fight the war against retail loss. Nevertheless, the total number of LP personnel per $1 billion in sales did increase slightly from 32.47 in 2014 to 37.5 in 2015. As expected, most of the employment additions were in exempt positions; non-exempt employees declined slightly.”The survey was conducted in April in collaboration with the NRF. Eighty retailers participated in the study. NRF members can review the entire survey by logging into nrf.com/resources/retail-library/national-retail-security-survey-2016. Check out “2016 National Retail Security Survey Key Findings” to read the full column and discover current data surrounding shoplifting and dishonest employee trends, as well as plenty of other crucial information. You can also visit the Table of Contents for the July-August 2016 issue or register for a free subscription to the magazine.
In his Academic Viewpoint column for the July-August 2016 issue of LP Magazine, Richard Hollinger, Ph.D., reveals a number of key findings from Read More
The Loss Prevention Research Council (LPRC) Future of LP Working Group has recently been talking about loss prevention associates of the future. What skill sets are important today? What qualifications and abilities will be in demand down the road?
One thing is certain: loss prevention must keep up with the ever-evolving Read More
Putting your best foot forward in the interview process is a critical aspect of a successful job search. But even more importantly, it can have a long-term impact on your loss prevention career in general. These impressions can have a lasting effect on how you are perceived as a professional Read More
As we travel down our loss prevention career path, we learn that the road to professional success requires a wide spectrum of skills and experience far beyond those that we carried when we first entered the field. But in order to secure the best loss prevention jobs to fit our Read More