LP Must Start Collaborating to Support the Latest Retail Innovation Trends
If you’re a retailer in 2018, it’s time to accept the truth: you’re no longer just a seller of goods. You’re a tech company, too. Read More
Tag: control shrink
Closing a Retail Store: Loss Prevention’s Role
In recent years, senior loss prevention executives throughout retail have had to come to grips with a different type of promotional sale events—the all-too-frequent store-closing sale.
It is no longer a rarity that LP managers are called upon to design and implement shrink-control programs that protect inventories throughout the process of closing a retail store. Read More
To Stop or Not to Stop the Shoplifter: Is This Still a Question?
A male shoplifting suspect has been coming into Store 153 three times a week for as long as anybody can remember. Store management has even attributed this guy as a major cause of the store’s shrink woes that have put them on the corporation’s “target store” list for the last Read More
How to Manage Inventory: Shrink Visibility
By Mike Creedon and Ned McCauley
At a time when store margins are under intense competitive pressure, retail shrink can make or break a retailer’s bottom line. But today’s retail shrink numbers are vulnerable to blind spots and imprecise metrics. In addition, most analysis and response to retail shrink are backward-looking: useful for staffing and long-term Read More
Building an LP Department Focused on People
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
Rite Aid’s Loss Prevention Strategy Yields Data-Driven Results
EDITOR’S NOTE: Robert “Bob” Oberosler is group vice president of loss prevention for Rite Aid, one of the nation’s leading drug store chains with more than 4,500 stores and over $25 billion in annual sales. He has 30-plus years of varied retail loss prevention strategy and operations leadership experience with Read More
The Growing Role of Retail Loss Prevention Professionals
In the not-so-distant past, the primary responsibility of loss prevention personnel was to deter theft and control shrink. Many of us started our careers with the important but unpopular job of investigating internal fraud as well as identifying and detaining shoplifters in stores. Although important to the operation of a Read More
Made from Scratch
By Jim Taylor
In the summer of 1969, Dan Evins came up with his old country store idea while driving his family down to the Atlanta (Georgia) Zoo. The drive from middle Tennessee usually took five hours, and Evins had some time to think…at least until the kids started repeating, “Are we there yet?” As a Shell Read More