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Particular places, products, processes, and increasingly, certain retail innovations are much more vulnerable to loss than others.
"Being a vendor is not a dirty word. You need to believe in your bones that what you're providing is critical to your customer's success."
"Around the age of ten, I started selling software demo kits alongside my dad," said Longo. "He was a brilliant man, passionately building relationships with innovators in the early days of software development, including (name drop) Bill Gates."
Process loss is a general term that describes inefficient problem-solving in groups. Psychologists found that groups tend to focus on the information that they have in common, rather than their specialized knowledge.
A retailer that doesn’t get a loss problem under control has a real problem. It bites into profit margins and pushes them closer to the brink. But a proactive asset protection strategy changes all of that.
EDITOR'S NOTE: Chad McIntosh is the vice president of loss prevention and risk management for Bloomingdale's. He has more than forty years of loss...
"It's not easy for any of us to balance all of the many priorities that we have in our lives," said Duke. "But once you're engaged in something that you're truly passionate about—something that's in your heart and you truly believe in—you find the time."
Carr believes that true leadership requires a dedication beyond the limits of our basic skills and abilities. The capability to be flexible, adaptable, and open-minded heightens our career potential.