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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.
At first, this may seem like an issue that involves only the retailer. However, the decision to ignore generally accepted cash and merchandise controls has far-reaching implications.
Few things are as frustrating for a loss prevention leader than discovering a bad packaging design they know will promote retail shrink— a feature which could easily have been prevented.
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?).
The ECR Community Shrinkage and On-shelf Availability Group had become aware of growing concerns about the losses relating to the sale of grocery store magazines and newspapers in the UK—a category not normally associated with high levels of loss.
As 2018 draws to a close, the LPM team wishes to thank our readers for their support of the magazine.
Whatever your core values are, the old truism remains accurate: employees don’t turn to statements on the company website to look for clues on how to behave; they look to each other.
The Loss Prevention Foundation is pleased to recognize and congratulate the following individuals who have successfully completed all of the requirements set forth by the board of directors to be LPQualified (LPQ) and/or LPCertified (LPC).
Today there are approximately 20.4 million military veterans in the United States. Hear from some of our own in the industry about their experiences as veterans or military supporters.
Tyco Retail Solutions recently announced the ShopperTrak list of the most anticipated holiday shopping days of 2018, and the top ten busiest days to bring in nearly half of a retailer’s seasonal shopper traffic.