Tag: inventory shrinkage
Restaurant Theft: The 5 Most Common Methods
Given that restaurants operate on incredibly narrow margins, it is important to identify and reduce the opportunities for employee theft. Here are five common ways in which dishonest employees steal from restaurant owners and customers.
How to Define Loss Prevention
“So, what do you do?” This is common question that for some loss prevention professionals presents a perplexing set of thoughts. “How do I adequately satisfy the inquirer’s request, without overcomplicating the dialogue?”
Shoplifting Continues to Rise – 8 of Past 10 Years, According to the Annual...
Over 432,000 shoplifters and dishonest employees were apprehended in 2017 by just 21 large retailers who recovered over $188 million from these thieves, according...
Shoplifting Methods and Designing Out Crime
Booster bags, or so-called “magic bags,” continue to be one of the more popular shoplifting methods used by professional thieves. These foil-lined carriers work...
2017 Survey Reveals Organized Retail Crime’s Top Stolen Items
The 2017 Organized Retail Crime (ORC) Survey, an annual survey conducted by the National Retail Federation, continues to show the impact that organized crime...
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...
Considering an EAS Hard Tag Merchandise Protection Strategy
When looking to protect their merchandise, retailers can choose from a number of electronic article surveillance (EAS) hard tag options, including in-store applied hard and...
Theft Takes a Toll on Retailers’ Bottom-Line Profits, According to Jack L. Hayes International’s...
Over 438,000 shoplifters and dishonest employees were apprehended in 2016 by just 23 large retailers who recovered over $120 million from these thieves, according...