What is the role of retail loss prevention? What may seem to be a simple question has grown increasingly more complicated as various functions, philosophies, tasks, and responsibilities are debated by the LP community, those who we serve, those who support us in meeting our goals, and those outside the Read More
Tag: mobile POS
Here we are at the third and final installment of the first fifteen years of Loss Prevention magazine. I had indicated in the first two articles that part of the third article would include a future look at some of the most important loss prevention technologies and practices such as Read More
How to Calculate Shrinkage in Retail
Understanding how to calculate shrinkage in retail is a fundamental but critical concept within the loss prevention profession as well as throughout the retail industry. Ultimately, retail shrink directly results in lost profits, and can have a dramatic impact on the success of the retail Read More
Biometrics refers to the quantification of human traits or characteristics into data that can be used for two main purposes: to identify and/or to validate. The most common forms of biometrics include facial recognition, fingerprint, iris, palm-vein scan and voice biometrics, but other biometrics also exist to include things like Read More
By Chris Trlica
In the beginning, there was the cellular phone. Then arose a new kind of phone, from whence sprang generation upon furious generation of increasingly intelligent smartphones. Today, we are beset by a menagerie of portable devices, their displays ranging in length from thumb to forearm, but, crucially, each embedded with Read More
Much has been written over the past several years about the new connected consumer. Pressure on retailers may never be greater to deliver on demands to provide better service, more educated sales associates, and merchandise available anytime, anywhere.
The way customers choose to shop is evolving as well. Show-rooming is transitioning Read More
The pace of change in the retail industry has accelerated dramatically over the past few years. The move to online shopping, emergence of mobile retail, and use of social media as part of the “daily fabric of shopping”—three of the disruptive forces highlighted in PwC’s Total Retail 2015: Retailers and Read More
By Chris Trlica
In 2013, nearly 66 percent of US smartphone owners used their devices to help them shop, and 80 percent of smartphone owners said they want more mobile-optimized product information while they’re shopping in stores (see Figure 1). These are the sorts of statistics driving the retail-sector mobile revolution. Retailers are Read More
There has been much written over the past several years about the new connected consumer. Pressure on retailers may never be greater to deliver on demands to provide better service, more educated sales associates, and merchandise available anytime, anywhere.
The way customers choose to shop is evolving as well. Show-rooming is Read More
EDITOR’S NOTE: Claude R. Verville, LPC, is vice president of loss prevention, safety, and hazmat at Lowe’s Companies, Inc. He joined Lowe’s loss prevention program in 1993 and was promoted to his current position in 1998. Verville started his LP career in California at Robinson-May, a subsidiary of The May Read More