Loss Prevention

In 2018, readers wanted to know more about Walmart asset protection, the roles of women in LP, and the life and legacy of Bob MacLea.

Advance Auto Parts is a US-based automotive aftermarket parts and accessories retailer. Established in 1932, the company now operates more than 5,100 stores across all US states, the Virgin Islands, Puerto Rico, and Canada.

"Perfect your interpersonal communication skills, distinguish yourself, and keep learning and growing daily. Raise your hand for those tough tasks and assignments. Remember, wherever you go, whatever you do, distinguish yourself. Be so good they can't ignore you!"

Last week's LPM Insider survey asked whether respondents thought they were earning a fair wage for the work they do. One reader commented, "Companies that are too tight with their money lose loyalty, and then their best people. Then they wonder why. The door swings both ways."

"If you don't have the answer or the service that helps your partners, go find it for them and share it, so they know you're there to help them be successful."

As of November 2018, Glassdoor.com reports the average base pay for a loss prevention manager to be $57,221 per year, excluding bonuses and/or other cash compensation. We want to know: do you think you're being paid fairly for the work you do?

The first of October was another first for me. I attended the Loss Prevention Research Council (LPRC) IMPACT conference for the first time, in muggy but beautiful Gainesville, FL.

This post is designed to provide a theoretical context for understanding the psychological and social forces that drive people to become criminals, how criminogenic opportunities can be reduced, as well as where analytics fits into loss prevention.

“Deprive a thief of a safe and ready market for his goods; and he is undone.”

Particular places, products, processes, and increasingly, certain retail innovations are much more vulnerable to loss than others.