Regardless of the protective progress retailers and solutions providers are making, thieves are still carrying off billions of dollars’ worth of goods annually. While merchandise loss costs retailers huge amounts of money, theft-driven product out-of-stocks, and sometimes locked-up goods, it also deters sales to good customers. Happy, buying customers are Read More
Tag: security and loss prevention
To stand still is to fall behind in the competitive world of retail. So retailers are always searching for new consumers and will typically go wherever they find them. It’s why there is never a shortage of news, such as word recently that Bloomingdale’s will be expanding into Kuwait.
But long Read More
Loss prevention and retail executives’ careers are dramatically altered when workplace violence impacts their business. The loss of human life, coupled with the loss of trust by coworkers and senior executives, puts careers in jeopardy when on-the-job violence strikes. Whether the acts of workplace violence are the result of an Read More
The LPM “Magpie” Awards offer a means to celebrate industry accomplishments on an ongoing basis, recognizing the loss prevention professionals, teams, solution providers, law enforcement partners, and others that demonstrate a stellar contribution to the profession.
The ability to influence change is a product of drive, creativity, and determination, but it Read More
As you read this you may be feeling pretty secure in your job, but beware—it might all change tomorrow. Retail mergers and acquisitions have been known to leave behind “a string of security executive bodies,” according to security job placement specialist Jerry Brennan.
The latest deals in the works? Walgreens is Read More
Thieves and fraudsters continue to invent new scams that threaten retail supply chains, even when organizations are following supply-chain security best practices. Security firm Check Point, for example, recently reported on a discovery of malware, adnets, spyware and even ransomware that had been installed on at least 36 Android devices Read More
INTERROGATOR: Hello Sally, my name is Todd, and I work in the loss prevention department. My role in the company is to investigate loss, but truthfully I have lots of stores to cover and I’m spread pretty thin. Regardless of not having much evidence against you, I want to ask Read More
Professional advancement and building a successful loss prevention career can mean many things to many different people. For some individuals it may mean reaching a top leadership position at a particular company, perhaps serving as a director or vice president of loss prevention/asset protection. For others, it may involve gaining Read More
The retail supply chain network is a critical component of the retail machine. While many may view the heart of retail as the interactions and events that happen within the store, this support system has always fueled the way. Through a complex web of processes and activity, a well-managed supply Read More
Technology-Based Strategy Fuels Collaborative Program with Law Enforcement to Prosecute Retail Theft and Reduce Recidivism
How can retailers minimize their exposure to store theft from career criminals, both effectively partnering with law enforcement and prosecutors and ensuring convicted offenders do not return to steal again?
Loss prevention organizations have struggled for decades to protect retail locations from thieves who understand the difficulty of apprehension and prosecution Read More