The more retail e-newsletters and alerts you receive, the worse you may feel with the constant drumbeat of store closings, retailers filing bankruptcy, and elimination of jobs in our sector. Is this reality, or is it Chicken Little syndrome?
About the Author
Articles by Walter Palmer, CFI, CPP, CFE
While it would be impossible to give an exact formula for success in every company and project, it is reasonable to explore a framework that can be used to increase our chance at getting our proposal approved and implemented.
Read any retail trade publication or mainstream news-media article about our industry, and chances are that you will walk away feeling bearish on the future of this business. Go to a retail trade show, and you are likely to hear speaker after speaker emphasizing change, business disruption, moving to e-commerce,
“What is the single most important measure of the success or failure of your company’s loss prevention efforts?”
If you were to ask senior retail executives this question, the answer you would likely hear is, “Our shrinkage results.” This would not be surprising, as shrinkage affects profitability, shareholder return, resource allocation
Over the past 25 years, return on investment, profit center, cost center, and value-added have become significant buzzwords in the loss prevention industry. While not unique to our industry–these concepts are also important in other staff functions, such as information technology and finance–I can’t imagine ROI has gotten any more attention than
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
RFID stands for Radio Frequency Identification and, this may surprise you, RFID is not new. In fact, it has been around since World War II and has been used in a wide variety of settings and applications. However, only recent developments have made RFID a practical means of changing the
According to industry surveys as well as industry buzz, it’s one of the hottest technologies in the retail loss prevention industry, with users swearing by it and companies spending hundreds of thousands of dollars to implement it. What is all the excitement about? Online POS exception reporting systems.
“Exception reporting” is
For market, district, and regional-based loss prevention personnel, store visits are a key component of their responsibilities. Of course, there are many reasons for store visits, ranging from an investigation to a special event to a physical inventory. But none is more common, more routine, and more important for many
While electronic article surveillance (EAS) has become pervasive in the US retail market, there are still a large number of retailers that have yet to adopt source tagging within their approach. With evolving technology and the approach of RFID, many loss prevention executives continue to evaluate the best approach for