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 Read More
Tag: benefit denial
Benefit denial, which has a long history as an effective loss prevention strategy, is now taking an even more central role in stopping retail theft. Read More
On November 11, American celebrate Veterans Day. The federal holiday honors the brave men and women of the armed forces who risk their lives to protect our freedom. They include members of the US Army, Navy, Marine Corps, National Guard, Air Force, and the Coast Guard.
There is often confusion between Read More
Judgment is everything for a loss prevention decision-maker. Good choices are a lot easier with good information—hence the Loss Prevention Research Council’s aim towards evidence-based loss prevention.
In earlier columns, I’ve discussed how critical it is to accurately diagnose the causes and dynamics of a problem to properly treat it using Read More
By Jack Trlica
Under the theme “Precision LP,” the Loss Prevention Research Council (LPRC) IMPACT conference concluded Wednesday after three days of presentations ranging from research results to case studies to law enforcement partnerships. Over 350 industry retail, supplier, and manufacturing executives attended the three-day event October 2-4 held on the University of Read More
Rent-A-Center’s primary loss prevention challenge stems from its business model. The rent-to-own company allows people who are low on funds or credit to rent furniture, electronics, and other goods with an option to own them after a payment agreement has been fulfilled. Usually, this model works just fine. Unfortunately, some Read More
Joe, a would-be thief, couldn’t believe his luck. Here was a store willing to hand him a brand new state-of-the-art smartphone with no credit check and a few dollars down. And just two doors away was another retail store—this one advertising that it paid top dollar for smartphones.
The criminal wheels Read More
By Jack Trlica
This edition of the magazine has a wide-ranging selection of feature articles—from product protection to restaurant security to loss prevention professionals of the future to a detective-novel-like telling of access control.
The article about Rent-A-Center’s product protection solution for smartphone losses in their rent-to-own stores is our cover story because it’s Read More
Professional advancement and building a successful loss prevention career can mean many things to many different people. For some individuals it may mean reaching a top leadership position at a particular company, perhaps serving as a director or vice president of loss prevention/asset protection. For others, it may involve gaining Read More
Regardless of the protective progress retailers and solutions providers are making, thieves are still carrying off billions of dollars’ worth of goods annually. While merchandise loss costs retailers huge amounts of money, theft-driven product out-of-stocks, and sometimes locked-up goods, it also deters sales to good customers. Happy, buying customers are Read More