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
Tag: national retail federation
This post brought to you by LPJobs.
As a busy loss prevention professional, you don’t have much time to keep tabs on industry event details. Let us help you find your next networking opportunity, retail technology expo, or training course. Take a look at the loss prevention conferences, events, and activities Read More
Loss prevention departments have, for some time, successfully examined risk flags within point-of-sale (POS) transactions to identify exceptions that may indicate theft or loss. These risk flags, many of which decrease potential revenue, are increasingly categorized as SRAs or sales reducing activities. Today, monitoring SRAs to drive shrink reduction is Read More
Most readers of the LPM Insider are pretty familiar with shoplifting, its definition, its negative impact on retail operations and profitability and the shoplifting penalties for their state. It would be a lengthy process to learn the laws of every state and their shoplifting penalties because of the vast differences Read More
According to the National Retail Federation’s (NRF) 2016 Organized Retail Crime Survey, all responding retailers said that they believe their companies to have been the victim of organized retail crime (ORC) activity within the past year. Eighty-three percent of those respondents believe that ORC activity has increased in the past Read More
The concept of the retail return is a relatively new phenomenon. In the mid- to late-twentieth century, retailers began accepting returned merchandise as an attempt to gain a competitive edge. The concept worked.
For many retailers, flexible returns have become synonymous with quality customer service. Nordstrom, for example, has built a Read More
After hitting a pause button several years ago, companies are back to sending employees on the road. According to the Global Business Travel Association, business travel will continue to spike in the years ahead, with growth between 5.8 and 6.9 percent through 2019.
Retailers are central to this surge in employee Read More
Excellence in Leadership
Gene Smith, LPC, (Former) President, Loss Prevention Foundation
With almost forty years of experience, Gene Smith, LPC, has been a key leader in the industry as a loss prevention practitioner, an executive search consultant for the LP industry, and much more. In 2007, Smith became a charter member and Read More