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Tag: shrink reduction

Incident Reporting: One Key Element of Shrink Reduction

Stefanie Hoover from ALTO USA explains ways to reduce shrink in retail stores—starting with proper employee training and adequate timing.
Mike Lamb

The Importance of Managing Shrink and Waste

As the old cliché goes, there’s not a finish line, and for me it’s really about constantly trying to build on the success you’ve had and learning from the mistakes you’ve made. Believe me, you will make mistakes, but recognize you won’t make any if you don’t try.
premises security liability

Premises Security Liability: Here’s Why Reasoned Behavior Trumps Perfection

The odds are stacked heavily against any organization that does not take necessary premises security procedures to protect their employees, customers, and others.
customer service theft deterrents

Friendly Associates Function as Theft Deterrents

Strong customer service is one of our most effective tools and most proactive means to control theft and other losses on the retail selling floor.
external theft, organized retail crime methods

Organized Retail Crime Methods: The Booster-Fence Ecosystem

Organized retail crime methods are a part of the retail marketplace, and they operate under the same basic principles as retailers. There is an opportunity to make a profit by supplying a demand, so various ORC players take it upon themselves to become the suppliers.
bad packaging design

3 Principles to Help Your Team Counteract Bad Packaging Design

Few things are as frustrating for a loss prevention leader than discovering a bad packaging design they know will promote retail shrink— a feature which could easily have been prevented.
asset protection at Walmart

LPM Insider’s Top 5 Loss Prevention Articles of 2018

In 2018, readers wanted to know more about Walmart asset protection, the roles of women in LP, and the life and legacy of Bob MacLea.
goodwill loss prevention

Mission Driven

After a long career in loss prevention, including twenty-six years at Best Buy, Paul Stone, CFE, LPC, is now experiencing unparalleled results. Tempted out...
A&F AP Team

A&F Bolsters Gender Diversity in the Workplace

Global fashion brand Abercrombie & Fitch (A&F) has stitched diversity into the very fabric of the business, stating on its website, "Diversity and inclusion are key to our organization's success."

Walmart Asset Protection in 2018: Transforming with Technology

LPM Media Group is on site at Walmart's Asset Protection National Meeting this week in Rogers, AR, where the theme of the event centers around embracing change to enable the transformation of the business while reducing losses and accidents.
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