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Given that Spain has one of the highest infection rates in the world that started several weeks before North America, the lessons learned from Spain discussed in this webinar will help all retailers prepare for the next several weeks.
The NRSS indicates that shoplifting accounted for 35.7 percent of the reported shrink in 2017, which is down from 39.3 percent in 2016.
Once you have senior leadership's buy-in, you can then create accountability for controlling loss beyond the LP team. The best place for accountability is in your company's performance reviews.
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."
For a recent research study, the LPRC conducted a series of interviews with past offenders about the impact the ALTO Alliance strategy might have on deterring theft.
After a long career in loss prevention, including twenty-six years at Best Buy, Paul Stone, CFE, LPC, is now experiencing unparalleled results. Tempted out...
Despite retailers reporting worrisome and worsening ORC statistics, resources to fight it may be on the verge of stagnating. Only 40 percent said their companies are allocating more resources to fight ORC, down from about half of retailers that noted increased spending in both 2016 and 2015.
As the industry transitions from bricks and mortar to “bricks and clicks,” the capabilities of existing systems are being stretched thin, and many retailers have not fully integrated the new technology required to manage loss and reduce shrinkage effectively in an omni-channel world.
Every so often, a simple idea catches the imagination, fervor, and engagement of a group of people and is developed into a successful practice that revolutionizes a business. Electronic article surveillance (EAS) source tagging is definitely one of those.
A more effective way to attack this type of theft is to bring together retailers and law enforcement resources in order to share trends and case details.