Tag: shrinkage


Amplifying Risk with Retail Security Solutions

Amplifying Risk with Retail Security Solutions

Risk amplification is but one part of the jigsaw puzzle that must be put together to control losses in retail stores. Making would-be offenders feel that there is an elevated risk of being caught is an important piece of the jigsaw, and a 2016 report from the ECR Community’s Shrinkage   Read More


Restaurant Theft: The 5 Most Common Methods

Restaurant Theft: The 5 Most Common Methods

Restaurant employees can hurt profitability in a variety of different ways. Rarely is restaurant theft as simple as taking money from the cash register. Given that restaurants operate on incredibly narrow margins, it is important to identify and reduce the opportunities for employee theft. Here are five common ways in which   Read More


The Reinvention of Retail Stock Management

The Reinvention of Retail Stock Management

Everyone knows that the first rule of managing inventory shrink is being able to measure it. This means distinguishing between known and unknown loss and between malicious and non-malicious reasons for stock not being where it should be. And in an industry where loss prevention practitioners are increasingly more commercially   Read More


A Look Inside Hibbett Sports Loss Prevention

A Look Inside Hibbett Sports Loss Prevention

Scott Myers currently serves as the vice president of asset protection of Hibbett Sports. In a recent interview for the November—December 2017 issue of LP Magazine, Executive Editor Jim Lee, LPC, spoke with Myers about his 22-year history with the company and the unique world of Hibbett Sports loss prevention   Read More


A Root-Cause Analysis May Help Reduce Shrinkage

A Root-Cause Analysis May Help Reduce Shrinkage

Most retailers have adopted omni-channel strategies to meet consumers’ demand to browse or buy whenever and wherever they choose. But enabling everything from mobile point of sale (POS) to in-store pickup of online purchases has made inventory control and product logistics far more difficult.

The complex new retail environment is increasing   Read More