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Understanding how to calculate shrinkage in retail is important. However, understanding why it is important to control these results and how we can impact company profitability by both improving sales and controlling retail shrinkage is the key to success.
There is a skill to reading a resume beyond a simple reference to positions, experience, and education. When filling your loss prevention job openings,...
Big or small, a retailer has a range of technology options to improve security and loss prevention—but none of those should be used in a silo.
"We proved-out that the technology works phenomenally well. The technology is great." This effusive praise by an LP executive who oversaw a several-store test...
Risk is a cargo shipment's constant companion, whether it's sailing on seas, flying in the sky, or traversing the roads and rails. Here, we undertake a look-see into one extremely small segment of supply-chain risk: cargo crimes against domestic ground shipments while in transit.
According to research, workers whose education includes scenario-based instruction score better on retention exams, have a more positive attitude toward training material, and think arguments used in training are more persuasive.
The crime of shoplifting is as old as shopping itself. The first documented cases of shoplifting took place in 16th-century London and involved groups of men called “lifters” (early organized retail crime?).
We are pleased to recognize and congratulate industry leaders who recently obtained their LPC certification. Despite their demanding schedules, they still saw the value and took the time to obtain this industry-leading credential.
While the new “anti-establishment” world is rejecting globalization, will retail CCTV technology integration provide the panacea to retail risks?
Almost 100 flea markets were randomly selected from a guide of 1,000 locations and visited by our teams to assess the availability, pricing, and condition of a high-loss men’s shaving product as example of flea markets and stolen products activity.