Tag: reduce shrinkage

Whether you are an AI skeptic or an enthusiast, these real-life scenarios illustrate the impact of AI and IoT and demonstrate ways for the retail industry to reimagine their loss prevention strategies with advanced technologies.

Not every loss prevention tool fits the needs and budget of every retailer. However, a combination of tactics makes an impact and reduces a store's shrinkage.

As the industry transitions from bricks and mortar to “bricks and clicks,” the capabilities of existing systems are being stretched thin, and many retailers have not fully integrated the new technology required to manage loss and reduce shrinkage effectively in an omni-channel world.

Can ignoring the causes of shrinkage and refocusing strictly on sales solve our inventory issues?

In every issue of the print magazine since 2001a and now in our digital magazine LPM Onlinea we have conducted an executive interview with...

Over the past 25 years, return on investment, profit center, cost center, and value-added have become significant buzzwords in the loss prevention industry. While not...

Navigating the asset protection responsibilities at the world’s largest retailer requires patience, perspective, partnerships, and outstanding leadership. Mike Lamb, LPC, is the vice president...

A.C. Moore opened its first arts and crafts store in 1985 in Moorestown, NJ. Today, the national retailer sells an assortment of merchandise in...

Dick Hollinger is a professor at the University of Florida who studies employee dishonesty and has overseen the National Retail Security Survey for the past 25 years.

Headquartered in Camp Hill, Pennsylvania, Rite Aid is the third-largest drugstore chain in the United States. It operates nearly 4,600 stores in 31 states...