Tag: inventory shrinkage
Doing More with Less? Loss Prevention Business Myths vs. Reality
Over the past few years, the mantra of "doing more with less" has become so ingrained in corporate and business jargon that it goes...
Collaboration and Effective Loss Prevention Management
With limited resources necessitating efficiency and cost effectiveness, but standards still requiring responsiveness to customer needs, managers are asking questions about the best ways...
How to Profit from Your Loss Prevention Strategy
Analytics and retail: a match made for success. Yet the one mistake retailers make is investing in outdated, exception-based, long-form reporting tools. Prescriptive analytics...
The Apprehension of Shoplifters and Dishonest Employees Has Increased in 9 of the Past...
Over 1.2 million shoplifters and dishonest employees were apprehended in 2015 by just 25 large retailers who recovered over $200 million from these thieves, according...
Best Buy Loss Prevention: Changing the Rules
Winning in business, as in sports, requires both offensive and defensive skills and strategies. Certainly nothing is more discouraging to a team than to...
StopLift Detects 1.5 Million Incidents of Unscanned Items at Checkouts Worldwide
StopLift Checkout Vision Systems has now detected more than 1.5 million incidents of scan-avoidance at both manned and self-checkouts at retailers around the world.
StopLift’s...
Winning the Super Bowl of Retail Alarm System Conversions
Headquartered in Camp Hill, Pennsylvania, Rite Aid is the third-largest drugstore chain in the United States. It operates nearly 4,600 stores in 31 states...
EyeOnLP: A Look Back at Secure Stores Forum 2015
LP Magazine served as the media partner for the 2015 Secure Stores Forum and will join the fun once again in 2016.
Installing a Retail Asset Protection Model in a Wholesale Distribution Environment
This article analyzes the implementation of an innovative retail asset protection program at Hughes Supply, a wholesale distributor of construction supplies. The company has...