Tag: loss prevention strategy


Closing a Retail Store: Loss Prevention’s Role

Closing a Retail Store: Loss Prevention’s Role

Senior loss prevention executives throughout retail are coming to grips with a new entry into the field 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. Often, a   Read More


The 11 Habits of Low-Inventory Shrink Retailers

The 11 Habits of Low-Inventory Shrink Retailers

In his bestselling book, The 7 Habits of Highly Effective People, Stephen Covey presented a holistic, principle-based approach for solving personal and professional problems. This got the ECR team thinking, what if for “highly effective people,” we read “low-inventory shrink retailers”? What then would be the habits of low- shrink   Read More


How to Profit from Your Loss Prevention Strategy

How to Profit from Your Loss Prevention Strategy

Analytics and retail: a match made for success. Yet the one mistake retailers make is investing in outdated, exception-based, long-form reporting tools. Prescriptive analytics is one solution that saves retailers valuable time and resources by picking up on irregular patterns. It’s no surprise that Gartner predicts the market will reach   Read More