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Tag: internal theft

Macys-department-store

Macy’s Delaying Q3 Earnings Release After Discovering Employee Hid Up to $154M in Expenses

A single employee with responsibility for small package delivery expense accounting allegedly hid approximately $132 to $154 million in cumulative delivery expenses since Q4 2021 through erroneous accounting accrual entries.

Smart Hiring Reduces Retail Shrinkage and Boosts Loss Prevention

External theft, internal theft, and operational errors are made worse by poor hiring practices and high employee turnover. Learn more in this article.

Kids Say the Darndest Things! Protecting Youthful Employees in Investigative Interviews

One variable that investigators must consider is the developmental progress of the interviewee—more simply defined as “age.”

AVAILABLE ON-DEMAND NOW: LP Panel Discusses Leadership, Talent Management, and Tackling Internal Theft

What does it take to be a leader in this industry? Join us for a discussion with our panel of seasoned retail LP leaders as they share their diverse career paths in this dynamic field.

Neighbo(u)rly Perspectives: Using Technology to Mitigate Employee Theft

In the latest installment of our Neighbo(u)rly Perspectives column, Genetec's Scott Thomas and Nada Ebeid discuss technology that can mitigate employee theft in both the US and Canada.

Shrinktoberfest Webinar: No Tricks Just Treats to Support Your Holiday Asset Protection Strategy

Join us for the pre-season push to gear up with our subject matter experts as we talk about internal theft trends, AP data analytics, and new ways to identify counterfeit currency.

Regain Control in High Employee Turnover Environments with InstaKey

The transfer of keys between departing and incoming employees might seem like a straightforward process, but it’s riddled with potential risks.

Did Internal Theft Get Better, Or Did Everything Else Get Worse?

LP problems such as employee theft are still prevalent and may even be growing worse due to an increase in the general havoc of the modern retail store.
retail employee theft

How Retail Businesses Can Take a Stand Against Employee Fraud

Unfortunately, with retail employees leaving jobs more frequently and an increased reliance on seasonal workers, employee fraud is on the rise.

Tackling Lottery Theft in Retail Stores

Lotteries provide substantial benefits to communities, generating tens of billions of dollars in annual proceeds for public education, parks, and other essential social programs, while also driving foot traffic to retail stores. However, along with these advantages comes a significant challenge for store owners: theft.
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