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Tag: shrink in retail
Following an important topic that has been widely discussed throughout 2016, recent retail industry trends have explored the relationship between wage increases and the impact on employee performance. For example, we can look at the recent protests associated with the “Fight for Fifteen” and employee efforts to raise the minimum Read More
Each year, loss prevention directors are evaluated based at least in part on retail shrink results. At a minimum, poor retail shrink numbers negatively affect bonuses and department morale. At times, unacceptable results may even lead to dismissal.
Forward-thinking LP professionals, like golfers in search of the key that will elevate Read More
By LPM Admin
Bob DiLonardo describes himself as a “professional student and practitioner of retail loss prevention and shortage control methods.” His work experience has ranged from loss prevention, internal audit, shortage control, accounting, and consulting positions throughout his career.
Now, upon his retirement, DiLonardo shares some valuable anecdotes and insights gathered over the Read More
Since its inception in 1993, the Lowe’s Companies loss prevention and safety department has tailored its programs to identify and respond to losses that can be directly attributed to employees. The LP department believes that 80 percent of all losses can be attributed to employees. Forty percent of those losses Read More