Magazine Features

LPM recently sat down with the NASP leadership team and members of their advisory committee to understand the current climate in the US around shoplifting, the impact of criminal justice reform, and the resulting need for a paradigm shift in our collective response as an industry.

How much of our shrinkage number is due to theft? How do you answer this question? Educated guess? Based on indicative feedback? Through deep data analysis? The “go to” tool to understand the answer to these questions, and move shrinkage from unknown into known shrink, is often the incident reporting tool.

A well-managed supply chain—one that mitigates security risks—is essential to a successful retail operation. But control is put to the test as the supply chain expands, morphs, and becomes increasingly intricate. LP executives are getting involved.

We asked a cross-section of LP leaders how work has changed for them during the last year, what they’re spending time on now that didn’t consume the same bandwidth when 2019 was just getting underway. We got a variety of responses.

When getting the future right is a matter of real consequence, when it has the power to steer loss prevention down the right or wrong path, clickbait forecasting feels insufficient. A deeper perspective on the dynamics that are driving retail change, and on the foundation upon which changes will emerge, seems a better guide.

In an exclusive interview, LPM Executive Editor Jim Lee speaks with Kurt Leisure, vice president of risk services for The Cheesecake Factory. Leisure, who is responsible for risk management, insurance claims, safety, and loss prevention, provides valuable, wide-ranging insights on these important retail industry topics.

A recent report from the ECR Community Shrinkage and On-shelf Availability Group charts the scale and extent of the losses retailers are experiencing from a range of self-scan and checkout technologies. The research also provides a detailed review of the ways in which these losses might best be controlled.

"We proved-out that the technology works phenomenally well. The technology is great." This effusive praise by an LP executive who oversaw a several-store test...

LP Magazine's annual guide to products and services provided by the many solutions providers who support the industry is included in the November-December 2019 print edition. Download the guide here.

"It was extremely refreshing to think about things from a process and operationally driven organization and see how I could apply some of the leadership skills that I had acquired in asset protection to the operations side of the game." - Paul Jaeckle, LPC