Tag: shrinkage control


Theft Takes a Toll on Retailers’ Bottom-Line Profits, According to Jack L. Hayes International’s 29th Annual Retail Theft Survey

Theft Takes a Toll on Retailers’ Bottom-Line Profits, According to Jack L. Hayes International’s 29th Annual Retail Theft Survey

Over 438,000 shoplifters and dishonest employees were apprehended in 2016 by just 23 large retailers who recovered over $120 million from these thieves, according to the 29th Annual Retail Theft Survey conducted by Jack L. Hayes International, the leading loss prevention and inventory shrinkage control consulting firm.

“In 2016, dishonest employee   Read More


9 Necessary Practices for Successful Shrinkage Control

9 Necessary Practices for Successful Shrinkage Control

In the generally unyielding area of retail loss prevention, few US corporations have been highly successful in staunching the pervasive problem of inventory shrinkage—the problem that refuses to go away. This post highlights nine key shrinkage control approaches that could potentially save US retailing billions each year.

For retail loss prevention practitioners across   Read More


The Apprehension of Shoplifters and Dishonest Employees Has Increased in 9 of the Past 10 Years

The Apprehension of Shoplifters and Dishonest Employees Has Increased in 9 of the Past 10 Years

Over 1.2 million shoplifters and dishonest employees were apprehended in 2015 by just 25 large retailers who recovered over $200 million from these thieves, according to the 28th Annual Retail Theft Survey conducted by Jack L. Hayes International, the leading loss prevention and inventory shrinkage control consulting firm.

“Retail theft, by both shoplifters and   Read More


Organized Retail Crime Gangs Targeting Optical Goods

Organized Retail Crime Gangs Targeting Optical Goods

Reports indicate that security in the United States has worsened in many arenas since September 11, 2001. Many crime-fighting resources are being focused specifically on terrorist activities at the expense of other offenses, including those that affect retailers such as organized retail crime.

In addition, once the perception of an immediate   Read More


Companies now hiring loss prevention agents

Several companies are currently seeking to hire loss prevention agents around the country. LP agents, also known as loss prevention officers or store detectives, are generally responsible for preventing shoplifting, fraud and vandalism, as well as ensuring the safety and security of shoppers.

LP agents, unlike security guards, do not wear   Read More


27th Annual Retail Theft Survey Reports Over 1.2 Million Shoplifters and Dishonest Employees are Apprehended by Just 25 Large U.S. Retailers in 2014

27th Annual Retail Theft Survey Reports Over 1.2 Million Shoplifters and Dishonest Employees are Apprehended by Just 25 Large U.S. Retailers in 2014

Over 1.2 million shoplifters and dishonest employees were apprehended in 2014 by just 25 large retailers who recovered over $225 million from these thieves, according to the 27th Annual Retail Theft Survey conducted by Jack L. Hayes International, the leading loss prevention and inventory shrinkage control consulting firm.

“Something has to   Read More