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There is little consensus on what constitutes “loss” within the retail world nor how it should be measured. The terms “shrinkage” and “shortage” have been loosely applied to encapsulate some of the areas that generate loss, but they are not terms enjoying a clear and agreed-upon definition across the sector.
The APLC provides a platform for industry leaders to come together to address challenges and issues in asset protection.
While omni-channel was indeed a significant point of discussion throughout the conference, loss prevention and risk management issues were hardly mentioned. Maybe I shouldn't have been surprised, but I was.
In a world where opposites attract, denial of service could be a force for good and put to commercial use, particularly in retail where organized retail crime gangs and opportunist thieves have had a free hand at disrupting legitimate business.
"I would love to say that retail is back, but that would be wrong," said BJ's Wholesale Club President and CEO Chris Baldwin with a pause. "Retail never went away."
Amazon Go, Toys "R" Us, and holiday shoplifting prevention were all top of mind for readers interested in the retail industry category in 2018.
From injury prevention to shoplifter apprehension risks, from facial recognition technology drawbacks to the operational implementation of omni-channel, the latest issue of LPM Online gives you the information you need to become a better industry pro.
One of the highlights for senior loss prevention executives was a private luncheon with three University of Florida scientists who discussed research into omni-channel retailing, the effects of fear of crime on shopping behavior, and reducing corporate digital threats.
EDITORS NOTE: Kevin Valentine, CFI, LPC, retired at the end of 2017 as senior vice president of internal audit, loss prevention, and enterprise risk...
Driver and cargo security is only one concern for loss prevention and risk management professionals in today's complicated omni-channel world.