Retail Crime

Loses 'shrink' in 2017

CC fraud scheme over 15 states

Stolen checks, cash drawers

Baseball gloves caught

New data breach law in CO

Booze theft: 3rd time/3 months

Thefts, fraud and losses from other retail “shrink” decreased to $46.8 billion in 2017 from $48.9 billion the year before as shoplifting and organized retail crime continued to be the leading causes.

Employee embezzlement caper: $247K

Shoplifting Blitz collars 27

Bourbon thief gets 15 years

Serial shoplifter: $3.7K

Suspect assaults clerk

Dallas fundraiser a success

To become a true partner in the loss prevention community, Kadege feels there are a few primary qualities that lead the way. "First, say what you'll do and do what you say. If you say you'll do something, do it. People always prefer honesty."

"I don't believe that leading in asset protection is much different than leading in other industries," said Langley. "Of course, high integrity is a must. But ultimately, for any true leader, the focus has to be on people."

Today, analytics is one of the most vital tools to statistically identify the key factors which highly correlate with loss due to shrink. Collecting data from various sources gives retailers a more holistic perspective of their store activity.

Video shows group theft

Thief steals thousands

Employee accused of theft

Brazen iPhone robbery

Crew charged with felonies

Suspect in motorized wheelchair

The Sensormatic® Global Shrink Index is a culmination of research that measures worldwide retailer performance, allowing retailers to benchmark their shrink rates to others in the same vertical and region.

Stolen phone leads to 69 more

Employee arrested for $26K theft

Teenagers shoplift with infant

Second suspect caught

ORC grocery ring

K-9 shoplift catcher

As retail undergoes broad transformation, it's not surprising that loss prevention is embroiled in a sea change of its own. With essential shrink challenges as dynamic as ever, LP executives also face new sets of problems, old problems getting worse, as well as fresh opportunities to provide value to retail organizations.