What started out a few years ago as a phenomenon that used social networking sites to gather a group of people in a public place to dance or perform another innocent form of entertainment has since evolved into a method of gathering together violent protesters—or thieves in pursuit of your Read More
Tag: supply chain security program
The evolution of the loss prevention profession has required a change in the way we approach the retail environment. First, we now recognize that inventory shrink is a more complicated problem than mere theft of merchandise. Shrink is a complex issue. Shrink reduction is now seen as a vehicle of profit Read More
By Liz Martinez
Shopping mall security is not a replacement for retail loss prevention programs. Mall security and LP have supporting missions, but they’re different missions.
A diagram of the ideal exchange of information and ideas wouldn’t look like a triangle, with shopping mall security, retail loss prevention, and local police at the three Read More
By Dan Faketty
In today’s retail business environment, everyone is seeking a competitive advantage. It could be in technology, people, business practices, or newly developed programs. The best strategy in the world, however, becomes meaningless if it is not executed properly.
I have been fortunate to have a high degree of success at executing Read More
In recent years, senior loss prevention executives throughout retail have had to come to grips with a different type of promotional sale events—the all-too-frequent store-closing sale.
It is no longer a rarity that LP managers are called upon to design and implement shrink-control programs that protect inventories throughout the process of closing a retail store. Read More
The 21st century posed a major conundrum for the retailers: how to fight online competition and improve brick-and-mortar store performance, and how to increase retail foot traffic without compromising store security and safety measures.
However, increasing the number of customers results in a heavier workload for loss prevention teams, which makes Read More
The 2017 Atlantic hurricane season has been a disastrous one. Hurricane Harvey slammed into Texas as a Category 4 storm on August 24. One of the wettest tropical storms on record, Harvey continued to douse the Lone Star state and parts of Louisiana with a devastating amount of rainfall over Read More
While the annual shrinkage surveys covering retail loss prevention go some way in offering an oversight as to how the industry is thinking about a range of issues, they rarely delve into much detail around specific topics. The purpose of this series of benchmarking surveys is to provide the LP Read More
By John Tabor
In most large-value cargo thefts occurring at stores, there are two key components: a store employee and a driver. The employee allows access to the goods, while the driver has the means to transport the stolen freight unnoticed.
One key tool in combating this problem is the strict rotation of drivers Read More
Active shooter incidents continue to occur at an alarming rate. In fact, FBI studies indicate that since the Columbine incident in 1999, active shooter incidents have steadily increased both in frequency and the number of victims involved.
These tragic events remind each of us of the unpredictable nature of troubled minds Read More