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. Read More
The three major causes that contribute to inventory shrink in any retail operation are internal theft, external theft, and operational compliance. An effective loss prevention program must focus on all three of these areas. Read More
By Meg Costa
In the United States and around the globe, shrink continues to be a challenge for retailers, especially as competition grows, profit margins constrict, and the availability of quality employees becomes increasingly limited. Retail companies in the US have been hit especially hard by shrink in the last five years, but Read More
By Adrian Beck, Walter Palmer, and Colin Peacock
Preliminary analysis of how LP teams are using data analytics suggests it is being used in at least three ways, based on the type of analysis being performed, the frequency with which it is done, and the type of employees using it. Read More
By Loss Prevention Media Staff
Leading off the final day of the 2018 Innovision Conference from Fort Lauderdale was a keynote presentation with Dr. Rick Goodman, a former physician for both the St. Louis Rams and Miami Heat when they won their coveted championships. Goodman discussed the importance of transformational leadership:
“Leaders motivate and inspire,” he Read More
By Adrian Beck, Walter Palmer, and Colin Peacock
The focus of our next benchmarking survey will be data analytics. In our survey of loss prevention practitioners, this topic was ranked second highest after emerging technologies in terms of interest.
Prior to undertaking the survey, we thought it important to first map out what the term “data analytics” may mean Read More
By Loss Prevention Media Contributor
Loss Prevention Manager, Carson’s, (IL)
Are you a proven leader with loss prevention experience? If so, this position is a great next step in your career! Our Loss Prevention Managers maintain loss prevention policies and procedures, provide training and motivation for all store associates, and work with store management to keep Read More
By Loss Prevention Media Contributor
Zone Asset & Profit Protection Manager, Sears, (FL)
The Zone Asset & Profit Protection Manager (ZMAP) provides disciplined leadership to the assigned Zone for the purpose of supporting the National Asset & Profit Protection Strategy. The ZMAP is responsible for a zone of stores typically within a metropolitan area that have Read More
By Loss Prevention Media Contributor
Loss Prevention & Safety Manager, Lowe’s, (NY)
Our Loss Prevention Supervisors work with the regional loss prevention team and store management to improve internal shortage controls, reduce the opportunity for store loss and ensure the safety of customers and associates. Our supervisors coordinate internal investigations and direct in-store training for all Read More
By Loss Prevention Media Contributor
Loss Prevention Department Manager, Von Maur, (IA)
The Loss Prevention Department Manager ensures a safe environment for customers and employees and identifies sources of loss to the company. Primary job responsibilities of a Loss Prevention Department Manager include the following: Identify and reduce sources of loss by internal and external theft. Read More
