In my opinion, there is one trait that all true leaders possess—and that is experience. It is experience that enables our careers in loss prevention to evolve, develop, and flourish. The faster you gain experience, the more quickly you will improve your leadership. One way to accelerate gaining experience is Read More
Tag: nrf loss prevention
By Nick Arenas
While society often imagines the shoplifter as someone stealing food or toiletries out of necessity to survive, often this is not the case. In fact, one study notes that socio-economic status is not an accurate predictor for potential shoplifting.
Many habitual shoplifters report stealing almost twice a week, and shoplifting is Read More
Loss Prevention Industry Leader Gary Manson Remembered by Colleagues
Retired Neiman Marcus executive dies at age 73.
By Jack Trlica
The loss prevention industry lost one its strongest leaders with the passing of Gary Manson on February 17 at MD Anderson Cancer Center in Houston, TX, at the age of 73. Manson retired Read More
By Rex Gillette
It is that time of year again, when shoppers and shoplifters converge on our retail outlets looking for that all-important deal or steal. It’s also a critical time to ensure that your loss prevention plans are in place, up to date, and ready to tackle the upcoming holidays.
While the peak Read More
Any loss prevention professional who has worked is a store that sells apparel is probably familiar with customers shoplifting in fitting rooms. But how much do you know about changing shoplifting laws, current practices to control it, public opinion, and future technologies when it comes to fitting rooms?
Records are not Read More
Every so often, a simple idea catches the imagination, fervor, and engagement of a group of people and is developed into a successful practice that revolutionizes a business. Electronic article surveillance (EAS) source tagging is definitely one of those.
This story commemorates the evolution of source tagging with The Home Depot Read More
By Matt Lincoln
Loss prevention has traditionally focused on shortage reduction through an emphasis on internal theft, external shoplifting, and operational controls. Resources to prevent these losses have been spent on developing programs and controls to stop loss from within the company.
Within the past couple of decades, however, retailers have identified the growing Read More
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
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