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Contemporary loss prevention professionals still maintain responsibility for retail security. But they also must handle employee theft issues, data protection, safety and risk management, inventory audits, legal compliance, and matters related to organized retail crime and fraud.
There is no universal secret to professional development success. Still, there tend to be commonalities among LP leaders who gain recognition within their organizations. And they’re not always what you’d expect.
When building a successful loss prevention department, our objectives must be attentive to the ultimate goals of the company and needs of the business.
The Michaels Companies, Inc. is the largest arts and crafts specialty retailer in North America (based on store count), providing materials, project ideas and education for creative activities. Established in 1962, the company now operates more than 1,200 stores in 49 states and Canada.
At some point in your retail loss prevention career, if you haven’t done so already, you will be called upon to help make procurement decisions on new technology, such as electronic article surveillance (EAS) or video surveillance.
How was I going to secure an admission if I couldn’t look the employee in the eyes, observe his body language, and gauge deception in all the ways interviewers are traditionally trained?
In 2018, readers wanted to know more about Rite Aid's crowdsourcing investigations tool, the top (FREE) tools to help with social media investigations, and what it's like to find and buy EAS detachers online as a shoplifter, among other technology topics.
LPM Insider readers wanted to know more about keeping talented associates, the RILA AP conference, and the collaboration between LP and IT in 2018.
Does your loss prevention department have a data scientist on the team? Chances are, you don't, but it's not a bad idea to start thinking like one.