As a loss prevention professional, it is likely that you have responsibility for detecting, investigating, and resolving internal-theft cases. Doing so may support your organization’s zero-tolerance policy toward internal theft. Many top retailers rely on their loss prevention departments to give them a competitive advantage by controlling their operational costs Read More
Tag: internal theft cases
By Dan Faketty
In today’s retail business environment, everyone is seeking a competitive advantage. It could be in technology, people, business practices, or newly developed programs. The best strategy in the world, however, becomes meaningless if it is not executed properly.
I have been fortunate to have a high degree of success at executing Read More
By Dan Faketty
I remember walking into the office for the first time. A new company, a new position, a new city. The size of the building and the sophistication of the other associates were somewhat intimidating.
I arrived at 6:00 a.m. sharp to make a good first impression. Soon it was time to Read More
By Dan Faketty
One question I have been asked frequently is, “How did you know how to battle retail shrink in the grocery business, especially considering your background is predominantly in discount retail?” My response to that question is almost always the same, which is: “I follow the loss prevention road map.” Often Read More
According to industry surveys as well as industry buzz, it’s one of the hottest technologies in the retail loss prevention industry, with users swearing by it and companies spending hundreds of thousands of dollars to implement it. What is all the excitement about? Online POS exception reporting systems.
“Exception reporting” is Read More
By Adam Paul
Founded in 1966 by its namesake Carl Kirkland, Kirkland’s admittedly fills an odd niche in the retail world, although it has become more mainstream as the decades have passed. Carl Kirkland’s vision originated in Jackson, Tennessee, with a single store that sold items meant to be gifted. For 20 years, Read More
By Dan Fakett
EDITOR’S NOTE: This is the fourth in a series of articles discussing a strategic approach to formulating a targeted loss prevention program. The first part appeared in the July/August 2005 issue. It and the second and third installments can be found in the Archives section of the LossPreventionMedia.com website.
How We Learn
We all have common-sense Read More
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
Shoplifters’ Destination of Choice
From Aruba to Venezuela, the GUESS?™ brand is ubiquitous. Known globally for its innovative, highly visual design sense…and for launching the careers of super models Claudia Schiffer,Naomi Campbell, and Anna Nicole Smith…hundreds of department stores and exclusive shops through out Europe, Asia, and South America feature GUESS? apparel, accessories, Read More