Retail shrinkage stems from a handful of causes that are rarely unique to a single retailer. Theft, whether internal or external, and operational error make up the majority of retail shrinkage. The level of severity is usually the primary difference; this can fluctuate due to product type, geography, and store Read More
Tag: target store program
Over the past few years, the mantra of “doing more with less” has become so ingrained in corporate and business jargon that it goes unchallenged, unquestioned, and accepted as a legitimate business strategy. It is almost impossible to pick up a business publication, a newspaper, or read an industry blog Read More
Based on another project, I have spent two months combing over every issue of Loss Prevention magazine. Being a reader from the very beginning and contributing content every now and then, I thought I was pretty familiar with the magazine’s history, its development, and the changes in the industry over Read More
By Jen Richard
When Jen Richard was tasked with building a case for DVR camera system installations in Canadian retailer West 49 stores in 2010, she took the challenge and rallied the stores. This article illustrates how Richard was able to prove the ROI and tremendous benefits of the technology to senior management.
When Read More
In order to effectively manage retail shrink, loss prevention strategies must be applied differently according to the specific needs of the retail model. This article focuses on applying the concepts of a target store programs in the specialty retail environment and the need to remain flexible and adaptable in our Read More
By Roger Rangel
Goodwill Industries of Southeastern Wisconsin and Metropolitan Chicago is one of the largest of more than 180 independently operating Goodwill agencies in North America in terms of annual revenue, number of programs, and the number of people in the community served. The organization currently employs over 4,245 employees working in sixty-nine program locations in twenty-three Read More
Many loss prevention professionals begin their career in established departments where they are lured to the structured succession planning, continuing programs, and enduring policies. However, there are LP executives recruited to develop a department or strategically expand an existing department. Their role is to develop and coordinate an infrastructure necessary to execute new Read More
EDITOR’S NOTE: Keith L. White is senior vice president of loss prevention and corporate administration for Gap Inc., one of the world’s largest specialty retailers with three highly recognized apparel brands—Gap, Banana Republic, and Old Navy.
White began his career in 1986 as a loss prevention supervisor with a discount retailer in Chicago where he Read More
EDITOR’S NOTE: Paul Jones is senior vice president of loss prevention for Limited Brands. He is responsible for overseeing the loss prevention, shortage control, and safety functions for over 4,000 specialty retail stores, the supply-chain function, call centers, headquarters, and sixteen world-wide offices. Limited Brands includes Express, The Limited, Victoria’s Secret, Victoria’s Read More