Many retailers have policies for handling a security event, and employees who fail to follow such policies can—under the “employment at will” principle—be subject to punishment, including termination. That happened to a group of asset protection associates at a Utah Walmart, but they challenged their firings in a lawsuit, claiming Read More
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Anytime loss prevention pros implement a new operational procedure, new administrative process, or new piece of loss prevention technology, they are likely to consider how it’s going to effect LP spending. Indeed, in many cases, controlling costs may be a primary objective.
Expectations and reality don’t always match, however. Sometimes, new 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
Technology regarding assets is moving at a fast pace. The ability to accurately monitor and track assets is of paramount importance to many industries and can protect the assets that a company has.
Radio frequency identification (RFID) technology is one way that any company can track their assets accurately. But what Read More
The recent benchmark report, Emerging Technology in Loss Prevention Retailing, reviewed the current use of nine technologies and the primary problems they are being used to address. While offering some useful insights on how the US loss prevention industry currently views these technologies, the development of the benchmark questions also Read More
Thefts from retailers and other inventory shrink grew to $48.9 billion in 2016 from $45.2 billion the year before, even as budget constraints left retail security budgets flat or declining, according to the annual National Retail Security Survey released by the National Retail Federation and the University of Florida. Shrink Read More
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
In the second in a series of industry-focused benchmarking surveys, the authors present a few key findings from a new study of how some of the biggest retailers in the US are using a range of emerging technologies to manage the problem of loss prevention.
Loss prevention practitioners have a long Read More