Tag: loss prevention strategy
The 11 Habits of Low-Inventory Shrink Retailers
In his bestselling book, The 7 Habits of Highly Effective People, Stephen Covey presented a holistic, principle-based approach for solving personal and professional problems....
Creating a “Culture” of Loss Prevention to Reduce Shrinkage (Digilock)
Policies and operations may be the foundation of a loss prevention strategy, but it takes significant cultural change, input from all levels of employees,...
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...
Closing a Retail Store: Loss Prevention’s Role
In recent years, senior loss prevention executives throughout retail have had to come to grips with a different type of promotional sale events—the all-too-frequent store-closing sale.
It...
7-Eleven’s Loss Prevention Strategy Recognized in 2017 Retail Touchpoints’ Superstar Awards
Retail Touchpoints' sixth annual Store Operations Superstar Award winners have recently been announced—and one convenience store retailer is happy to hear the news. This...
Savvy Retailers Find Value in New Benefit-Denial Technology
Benefit denial, which has a long history as an effective loss prevention strategy, is now taking an even more central role in stopping retail theft.
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.
USS Reveals LPRC Tactical Tagging Study Results
USS has recently unveiled the results of a recent study conducted by the Loss Prevention Retail Council (LPRC), to test the benefits of their...
Access Control and the Case of the Missing Camera
When I first approached this writing assignment on access controls, I brainstormed the usual items on the topic. I realized quickly that a 3,000-word...
