Tag: internal theft
LPM Insider Survey Results: Should Retailers Conduct Employee Bag Checks?
In last week’s LPM survey, we discussed the practice of checking employee bags upon exiting the stores, and class action lawsuits filed by hourly...
Analyzing Employee Theft Statistics from a Specialty Retailer
When I was a doctoral graduate student at the University of Minnesota during the late 1970s, I began conducting research on employee theft. At...
Fraud Detection Techniques Using Big Data
Deep inside the data warehouses of companies across the world, billions of dollars are trapped in the subtle variations between the binary 0s and...
Employee Theft Consequences: Risk vs. Gain Theory
I have frequently heard managers conveying the wrong message when addressing associates about employee theft consequences. These managers say things like "Don't steal, or...
Start with a Good Cause: Loss Prevention Strategy Examples
In today's retail business environment, everyone is seeking a competitive advantage. It could be in technology, people, business practices, or newly developed programs. The...
Loss Prevention in Retail: How Do You Create Your Vision?
I remember walking into the office for the first time. A new company, a new position, a new city. The size of the building...
LPM Insider’s Top 5 Inventory Shrinkage Articles of 2017
Inventory Control Job Description and Responsibilities
Functions included in an inventory control job description can vary based upon the work environment.
By Kelsey Seidler
What does a...
Interview and Interrogation Training: From “Lie to Me” to Synergology
If a person crosses his or her arms during an internal theft interview and does not talk, does it mean they are lying, or are...
Target’s Minimum Wage Increased. What Does That Mean for Theft?
Employee theft is a source of loss simply too costly to ignore, which is why loss prevention practitioners are always on the lookout for...
Just a Low-Level Shoplifter? The Cost May Be Higher Than You Think
LP has turned much of its attention in recent years away from petty shoplifters to crooked store associates and organized retail crime—and seemingly for good reason.