The ability to assess patterns in data, measure loss prevention programs, and make decisions in real time is fundamental in solving complex issues related to customers, sales, and loss.
As technological advances have occurred in other domains such as computer science, the realm of capabilities in our LP/AP world has exploded. However, all too often, there is a willingness to believe that technology offers a panacea.
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.
Just five months after the official launch of their new conversion program, Cycle Gear was already seeing great comp results, and by the end of the year, the company had their best Black Friday ever.
Since its inception in 2016, the GDPR has raised a number of questions as to whether or not businesses are properly prepared to comply. With less than a month until the enforcement date, it has been reported that an estimated 61 percent of US businesses are not ready for the regulation.
While many things about this family-owned business have changed since its founding in 1973, the need to keep a close eye on each location’s inventory hasn’t.
It's complicated. We don't want to overplay our hand here, but the role and responsibility of today's asset protection professionals is increasingly complex, and...
With appropriate RFID solutions, store associates can easily restock merchandise on the sales floor, replenish out-of-stock items, improve inventory accuracy at the point of...
Download this 34-page special report from Loss Prevention Magazine about types and frequency of violent incidents, impacts on employees and customers, effectiveness of tools and training, and much more.