Tag: loss prevention
Shedding Light on Retail Theft Statistics
The NRSS indicates that shoplifting accounted for 35.7 percent of the reported shrink in 2017, which is down from 39.3 percent in 2016.
6 Steps for Preventing Employee Theft of High-Value Property
To the extent possible, it’s good to keep high-value assets and critical material separate from employees, but that’s not always practical.
Counterintuitive Strategies for the Successful Loss Prevention Director
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.
How to Catch Someone Stealing without the Use of Excessive Force
More than lecture, video, or online instruction and pen-and-pencil testing, situational exercises or scenario training provides supervisors with a picture of how ready an officer is to handle an event.
Keys to a More Reliable Project Cost Estimation
These tips may help you to assess the completeness of a project’s cost estimate, either when conducting your own estimate or evaluating the sufficiency of an estimate developed by a consultant or integrator.
A Handy Guide to Video Auditing for Your Retail Business
Video-based operations audits have helped many businesses increase return on investment (ROI) and boost sales, revenues, and profit by finding theft and fraud they didn't know existed.
Prevent Shoplifting and Theft with…Music?
In one experiment, Barry Manilow music was broadcast through loudspeakers located in a local parking lot every night between 9 pm and midnight on Friday, Saturday, and Sunday.
Solutions Snapshot: CONTROLTEK
For over 40 years, CONTROLTEK has been helping customers solve their business problems in new, efficient and secure ways.
3 Indispensable Ideas for Your Retail Store Safety Checklist
Loss prevention executives may want to review these steps for a retail store safety checklist to see if any actions that other companies have found helpful might prevent their next injury—and perhaps a million-dollar jury award.
How to Minimize the Cost of Cash with the Right Retail Cash Management Solution
As loss prevention professionals in retail businesses that serve this demographic en masse (i.e. QSR, c-store, big box, etc.) know all too well, cash is still a prominent form of payment.